Outputs (42)

A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations
Working Paper
Michell, J. (2014). A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations

Post Keynesian economics has largely forgotten Steindl's insight that monopolisation of the corporate sector redistributes profits to those firms least likely to invest them productively. Agent-based methods can be used to incorporate Steindl's insig... Read More about A Steindlian account of the distribution of corporate profits and leverage: A stock-flow consistent macroeconomic model with agent-based microfoundations.

Demand-side policies for employment promotion in low-and middle-income countries
Report
Aboobaker, A., & Michell, J. (2022). Demand-side policies for employment promotion in low-and middle-income countries

High rates of unemployment and underemployment are widespread in many low- and middle-income countries (LMCs). Progress has been disappointing during a period in which the historical policy focus on capital accumulation and structural transformation... Read More about Demand-side policies for employment promotion in low-and middle-income countries.