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of finance channel'. 3. Consumption is influenced via distribution of dividends in the short run and via a reduction in … the labour income share in the medium run. In the model the total effect of 'financialisation' is derived, the development … of firms' outside finance-capital ratio is endogenised, and the medium-run stability and viability of the financial …
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Inside Debt and Economic Growth: A Cambridge - Kaleckian Analysis Abstract Inside debt is a fundamental feature of capitalist economies. This paper examines the growth effects of consumer and corporate debt using a Cambridge - Kaleckian growth framework. According to the Cambridge - Kaleckian...
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