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Aggregate Demand, Harrod’s Instability and Fluctuations

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  • Piero Ferri
  • Steve Fazzari
  • Edward Greenberg
  • Anna Variato

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Suggested Citation

  • Piero Ferri & Steve Fazzari & Edward Greenberg & Anna Variato, 2011. "Aggregate Demand, Harrod’s Instability and Fluctuations," Computational Economics, Springer;Society for Computational Economics, vol. 38(3), pages 209-220, October.
    • Handle: RePEc:kap:compec:v:38:y:2011:i:3:p:209-220
    DOI: 10.1007/s10614-011-9277-8
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    References listed on IDEAS

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    1. Paul De Grauwe, 2014. "Animal Spirits and Monetary Policy," World Scientific Book Chapters, in: Exchange Rates and Global Financial Policies, chapter 18, pages 473-520, World Scientific Publishing Co. Pte. Ltd..
    2. Piero Ferri & Anna Variato, 2010. "Uncertainty and Learning in Stochastic Macro Models," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 16(3), pages 297-310, August.
    3. Philippe Aghion & David Hemous & Enisse Kharroubi, 2009. "Credit Constraints, Cyclical Fiscal Policy and Industry Growth," NBER Working Papers 15119, National Bureau of Economic Research, Inc.
    4. William A. Brock & Cars H. Hommes, 1997. "A Rational Route to Randomness," Econometrica, Econometric Society, vol. 65(5), pages 1059-1096, September.
    5. Aghion, Philippe & Banerjee, Abhijit, 2005. "Volatility and Growth," OUP Catalogue, Oxford University Press, number 9780199248612, Decembrie.
    6. William A. Brock & Cars H. Hommes, 2001. "A Rational Route to Randomness," Chapters, in: W. D. Dechert (ed.), Growth Theory, Nonlinear Dynamics and Economic Modelling, chapter 16, pages 402-438, Edward Elgar Publishing.
    7. Piero Ferri, 2011. "Macroeconomics of Growth Cycles and Financial Instability," Books, Edward Elgar Publishing, number 14260, December.
    8. Puu, Tonu & Gardini, Laura & Sushko, Irina, 2005. "A Hicksian multiplier-accelerator model with floor determined by capital stock," Journal of Economic Behavior & Organization, Elsevier, vol. 56(3), pages 331-348, March.
    9. Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005. "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers 11349, National Bureau of Economic Research, Inc.
    10. repec:kap:iaecre:v:16:y:2010:i:3:p:297-310 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Bitros, George C., 2020. "Demand adjusted capital input and potential output in the context of U.S. economic growth," The Journal of Economic Asymmetries, Elsevier, vol. 21(C).
    2. Filippo Gusella & Anna Maria Variato, 2021. "Financial Instability and Income Inequality: why the connection Minsky-Piketty matters for Macroeconomics," Working Papers - Economics wp2021_15.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    3. Steven M Fazzari & Piero Ferri & Anna Maria Variato, 2020. "Demand-led growth and accommodating supply," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 44(3), pages 583-605.

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    More about this item

    Keywords

    Instability; Nonlinearities; Fluctuations; Rates of interest; Heterogeneous expectations; E32; E12; E43;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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