Rising Income Inequality, Increased Household Indebtedness, and Post-Keynesian Macrodynamics

Authors

  • Mark Setterfield New School For Social Research and Trinity College, Hartford

DOI:

https://doi.org/10.14393/REE-v29n.esp.a2014-1

Abstract

A Kaleckian growth model is modified to incorporate working households who borrow to finance some part of their consumption spending. The impact of this behavior on the sustainability of the growth process is then studied by means of a numerical analysis that captures various dimensions of increased income inequality in the US. The results show that the precise manner in which debtor households service their debts has important effects on the economy's macrodynamics.

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Published

2014-12-23

How to Cite

SETTERFIELD, M. Rising Income Inequality, Increased Household Indebtedness, and Post-Keynesian Macrodynamics. Revista Economia Ensaios, Uberlândia, Minas Gerais, Brasil, v. 29, n. esp., 2014. DOI: 10.14393/REE-v29n.esp.a2014-1. Disponível em: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/28591. Acesso em: 26 nov. 2024.

Issue

v. 29 (2014): Número Especial - Associação Keynesiana Brasileira

Section

Artigos

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