Add to ORKGThe paper addresses the features of stock-flow consistent (SFC) canonical versions of neo-kaleckian and supermultiplier models that introduce the accumulation of debt of households and firms. The aim of this comparison is twofold: (i) to analyze under which conditions the paradox of debt emerges in the household and firms sector in each model; (ii) to evaluate the extent in which these conditions differ due to each models' specific closure. Preliminary results suggest that the paradox of debt in firms' sector is not a necessary result of supermultiplier models. As for households sector, the paradox of debt is a feature of the canonical supermultiplier model, yet there may be episodes of rising debt-to-income ratios and financial crisis as p...
sem informaçãoThis paper presents a supermultiplier stock–flow consistent model of economic growth l...
We tackle the issue of the possible instability of the Kaleckian distribution and growth model and t...
This paper explores the economics of debt-driven business cycles, distinguishing between Keynesian a...
The paper addresses the features of stock-flow consistent (SFC) canonical versions of neo-Kaleckian ...
Supermultiplier models have been recently brought to the post-Keynesian debate. Yet these models st...
The paper provides a simple theoretical framework to assess the macroeconomic implications of debt-f...
In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run e...
Supermultiplier models have been recently brought to the post-Keynesian debate. Yet these models sti...
We develop a micro simulation model for the macroeconomic business cycle. Our model is based on thre...
Minsky’s financial instability hypothesis (FIH) has been criticized as suffering from a fallacy of c...
In this paper we develop a theoretical framework to analyze the long-run behavior of an economy char...
In this article, we develop a standard short-run Kaleckian macromodel. First, we study the stability...
AbstractThis paper develops a neo-Kaleckian dynamical model that investigates how an increased finan...
Despite being arguably the most rigorous form of structuralist/post-Keynesian macroeconomics, stock-...
The Great Recession made even clearer the need for a deep reassesment of the economic profession. Ma...
sem informaçãoThis paper presents a supermultiplier stock–flow consistent model of economic growth l...
We tackle the issue of the possible instability of the Kaleckian distribution and growth model and t...
This paper explores the economics of debt-driven business cycles, distinguishing between Keynesian a...
The paper addresses the features of stock-flow consistent (SFC) canonical versions of neo-Kaleckian ...
Supermultiplier models have been recently brought to the post-Keynesian debate. Yet these models st...
The paper provides a simple theoretical framework to assess the macroeconomic implications of debt-f...
In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run e...
Supermultiplier models have been recently brought to the post-Keynesian debate. Yet these models sti...
We develop a micro simulation model for the macroeconomic business cycle. Our model is based on thre...
Minsky’s financial instability hypothesis (FIH) has been criticized as suffering from a fallacy of c...
In this paper we develop a theoretical framework to analyze the long-run behavior of an economy char...
In this article, we develop a standard short-run Kaleckian macromodel. First, we study the stability...
AbstractThis paper develops a neo-Kaleckian dynamical model that investigates how an increased finan...
Despite being arguably the most rigorous form of structuralist/post-Keynesian macroeconomics, stock-...
The Great Recession made even clearer the need for a deep reassesment of the economic profession. Ma...
sem informaçãoThis paper presents a supermultiplier stock–flow consistent model of economic growth l...
We tackle the issue of the possible instability of the Kaleckian distribution and growth model and t...
This paper explores the economics of debt-driven business cycles, distinguishing between Keynesian a...