Lavoie, Marc - In: European Journal of Economics and Economic Policies: … 5 (2008) 2, pp. 331-356
This paper presents a stock-flow consistent growth model which is set in the Post-Keynesian tradition. A key feature of the model, however, is that real government expenditures grow at a rate which is compatible over the long period with a constant rate of unemployment (at the "natural rate of...
