Rising inequality reduced income growth for the bottom 95% of the US personal income
distribution beginning about 1980. To maintain stable debt to income, this group's …

In t his book, we address growth and development strategies in the developing world
(including the so-called emerging and transition economies) based on the structuralist …

This book provides an analysis of the global monetary system and the necessary reforms
that it should undergo to play an active role in the twenty-first century. As its title indicates, its …

foxy hedgehog: Wynne Godley and macroeconomic modelling | Cambridge Journal of
Economics | Oxford Academic Skip to Main Content Advertisement Oxford Academic Journals …

Marine predatory cone snails (genus Conus) with over 500 species represent what is
arguably the largest single genus of marine animals alive today. All Conus are venomous …

A simple model illustrates interactions between the 'primary'fiscal deficit (total deficit minus
interest payments), economic growth and debt. The deficit/income ratio responds …

Abstract The Global Financial Crisis has underlined the importance of developments in the
household sector to explaining macro patterns. Some recent papers have discussed the role …

While Kaleckian authors tend to find that economies are in a wage-led demand regime,
Goodwinian authors tend to find that economies are in a profit-led demand regime. This …

Similar patterns can be observed in post-WWII US business cycles. The initial upswings tend
to be led by household investment and debt-financed personal consumption expenditures …

One might expect that rising US income inequality would reduce demand growth and create
a drag on the economy because higher-income groups spend a smaller share of income …