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|
|Date of revision:|
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|Order Information:|| Postal: Secretaria da ANPEC Rua Prof Marcos Valdemar de Freitas Reis s/n Campus do Gragoatá Bloco F Niterói, RJ 24210-201 Brazil|
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- Gilberto Tadeu Lima & Antonio J. A. Meirelles, 2007.
"Macrodynamics of debt regimes, financial instability and growth,"
Cambridge Journal of Economics,
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Banca Nazionale del Lavoro Quarterly Review,
Banca Nazionale del Lavoro, vol. 53(215), pages 447-475.
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- Gilberto Tadeu Lima, 2004. "Endogenous Technological Innovation, Capital Accumulation And Distributional Dynamics," Metroeconomica, Wiley Blackwell, vol. 55(4), pages 386-408, November.
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9314e, University of Ottawa, Department of Economics.
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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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