We contrast the "New Consensus" macroeconomic model with a post-Keynesian stock-flow-consistent model in the tradition of Godley - Lavoie, and discuss the origins of the Great Recession in the light of the latter model and the shifts in the distribution of income.
Income Distribution and Borrowing: Tracking the U.S. Economy with a “New Cambridge” Model
ZEZZA, Gennaro
2011-01-01
Abstract
We contrast the "New Consensus" macroeconomic model with a post-Keynesian stock-flow-consistent model in the tradition of Godley - Lavoie, and discuss the origins of the Great Recession in the light of the latter model and the shifts in the distribution of income.File in questo prodotto:
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