Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
In a Kaleckian distribution and growth model with workers’ debt we examine the short and long run effects of three stylized facts of “finance-dominated capitalism”: a fall in animal spirits of the firm sector with respect to real investment in capital stock, re-distribution of income at the expense...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2012-03-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9937/9820 |