Lima, Gilberto Tadeu; Meirelles, Antonio J. A. - Associação dos Centros de Pós-Graduação em … - 2004
It is developed a dynamic macromodel of utilization and growth of productive capacity, in which the supply of credit-money is endogenous and firms' debt position - and thus the financial fragility of the economy à la Hyman Minsky - is explicitly modeled. The rate of interest is set as a markup...