CONSUMPTION AND DISTRIBUTIONAL CONFLICTS IN DEMAND-LED GROWTH MODELS: EVIDENCE FROM THE PSID DATA
Post-Keynesian growth models have incorporated household wealth dynamics as an important aspect of the relationship between growth and income distribution. Following these lines, this paper suggests a model in which households’ consumption decision is determined by a dynamic adjustment of wealth to...
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| Format: | Article |
| Language: | English |
| Published: |
Universidade Federal do Pará
2024-12-01
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| Series: | Cadernos CEPEC |
| Subjects: | |
| Online Access: | https://periodicos.ufpa.br/index.php/cepec/article/view/16991 |
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