In 2008/09 the world economy was hit by a decline in real gross domestic product (GDP),
which had not been seen for generations. The so-called 'Great Recession'started with the …

Presenting an in-depth overview of the foundations and developments of post-Keynesian
macroeconomics since Kalecki and Keynes, this timely book develops a comprehensive …

Minsky's ideas have recently gained prominence in the mainstream as well as in the
heterodox literature. However, there exists no agreement upon the formal presentation of …

In this paper the main developments in post-Keynesian macroeconomics since the mid
1990s will be reviewed. For this purpose the main differences between heterodox …

Among a vast literature on the Asian economies, the book proposes a distinctive approach,
inspired by régulation theory, to understand the current transformations of the Asian …

This paper presents a stock-flow consistent macroeconomic model in which financial fragility
in firm and household sectors evolves endogenously through the interaction between real …

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 …

This paper examines the dynamics of financial distress and in particular the mechanism of
transmission of shocks from the financial sector to the real economy. The analysis is …

This paper develops a formal neo-Kaleckian model of growth and distribution with excess
capacity. First, we deal with the stability and uniqueness of equilibrium in the short run and …

We discuss the effects of rising shareholder power on distribution and capital accumulation
in a Kaleckian model. In the short run, increasing shareholder power may have either …