Showing 1 - 2 of 2
The recent US economic scenario has motivated a series of heterodox papers concerned with household indebtedness and consumption. Though discussing autonomous consumption, most of the theoretical papers rely on private investmentled growth models. An alternative approach is the so-called...
Persistent link: https://www.econbiz.de/10015263370
Supermultiplier models have been recently brought to the post-Keynesian debate. Yet these models still rely on quite simple economic assumptions, being mostly ow models which omit the �nancial determinants of autonomous expenditures. Since the output growth rate converges in the long run to...
Persistent link: https://www.econbiz.de/10015263371