Debt, Financial Fragility And Economic Growth: A Post-Keynesian Macromodel
It is developed a mathematical post-keynesian macromodel of capacity utilization and growth in which the supply of credit-money is endogenous and firms' debt position - and thus the financial fragility of the economy - is explicitly modeled. Both the influence of interest rate and indebtedness on capacity utilization and the rates of profit and growth, on the one hand, and the effect of the parameters of the saving and investment functions on financial fragility, on the other hand, are carefully analyzed.
|Date of creation:||2004|
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9314e, University of Ottawa, Department of Economics.
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074, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
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- repec:tpr:qjecon:v:100:y:1985:i:5:p:871-85 is not listed on IDEAS
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BNL Quarterly Review,
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SCEPA working paper series. SCEPA's main areas of research are macroeconomic policy, inequality and poverty, and globalization.
1999-04, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
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