Multiplicity and not necessarily heterogeneity: implications for the long-run degree of capacity utilization
The paper discusses the implications of disaggregation within the post-Keynesian debate on the long-run convergence of the degree of capacity utilization toward the normal one. The debate is related to the emergence of Harrodian instability inside multiplier–accelerator models and has been character...
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Veröffentlicht in: | Journal of economic interaction and coordination 2023-10, Vol.18 (4), p.835-877 |
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Format: | Artikel |
Sprache: | eng |
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