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Finance, inflation and employment: A post-Keynesian/Kaleckian analysis (2011)
Journal Article
Argitis, G., & Dafermos, Y. (2011). Finance, inflation and employment: A post-Keynesian/Kaleckian analysis. Cambridge Journal of Economics, 35(6), 1015-1033. https://doi.org/10.1093/cje/ber002

The purpose of this paper is to contribute to the post-Keynesian/Kaleckian macroeconomic literature. We develop a macroeconomic model that explicitly integrates the role of borrowing and cash payment commitments on outstanding debt (interest plus pri... Read More about Finance, inflation and employment: A post-Keynesian/Kaleckian analysis.