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-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt … in wage- and price-inflation equations. BSL variants generally yield stable price Phillips curves, stable distribution … flat Phillips curves, stable distribution and employment curves, and hence stable equilibria in the HS approach. …
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We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models … opportunities for households' wealth-based and debt-financed consumption, and 3. distribution between capital and labour, on the one … of distribution and growth - a systematic review, in: Setterfield, M. (2010) Handbook of Alternative Theories of Economic …
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changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under … certain conditions, an important consequence from the distribution-sensitive multiplier is that a higher wage share can have …-Kaleckian model. Surprisingly, the respective literature on distribution and growth largely ignored these features of Keynesian …
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the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock …
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Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission … channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and … rentiers in the short run, and distribution between capital and labour through a dividend-elastic mark-up in firms' price …
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