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Global financial flows in Kaleckian models of growth and distribution

Pablo G. Bortz
- pp 197-213
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The article was published on 2021-03-26. It has received 2 citations till now.

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Foreign debt, growth and distribution in an investment-constrained system

TL;DR: Innovation, Unemployment and Policy in the Theories of Growth and Distribution as mentioned in this paper increases our understanding about the more relevant economic determinants and policy aspects of the interdependence between economic growth and income distribution.
References
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Book

Stabilizing an Unstable Economy

TL;DR: In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today as mentioned in this paper, explaining why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns and why the economy is now undergoing a credit crisis that he foresaw.
Journal ArticleDOI

Unemployment and the real wage: the economic basis for contesting political ideologies

TL;DR: Using the Keynesian theory of effective demand, the authors demonstrates how particular models such as that of "cooperative capitalism" enunciated by the left Keynesian social democrats, the Marxian model of "profit squeeze" emphasizing distributive conflict, and even the conservative model relying on "supply side" stimulus fit in as particular variants of a more general theoretical scheme through a reconstruction of the familiar IS schedule.
Journal ArticleDOI

Capital Flow Waves: Surges, Stops, Flights and Retranchment

TL;DR: This article analyzed the drivers of international waves in capital flows and found that global factors, especially global risk, are the most important determinants of these episodes, while domestic macroeconomic characteristics are generally less important, although changes in domestic economic growth influence episodes caused by foreigners.
Book ChapterDOI

A Growth Cycle

TL;DR: In this paper, a starkly schematised and hence quite unrealistic model of cycles in growth rates is presented, which seems to me to have better prospects than the more usual treatment of growth theory or of cycle theory separately or in combination.
Posted Content

Inflows of capital to developing countries in the 1990s

TL;DR: The recent surge in capital inflows was initially attributed to domestic developments, such as sound policies and stronger economic performance of a handful of countries as discussed by the authors, but it became clear that the phenomenon was widespread, affecting countries with very diverse characteristics.
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