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Interest rate compensation and debt: would a cap fit?

✍ Scribed by Graham Bird


Book ID
116128812
Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
430 KB
Volume
15
Category
Article
ISSN
0305-750X

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## ABSTRACT In the present paper we extend Lavoie's (__Metroeconomica__, 1995, vol. 46, pp. 146–177) β€˜Minsky–Steindl’ model, building our analysis on a Kaleckian distribution and growth model which has already taken into account distribution effects of interest rate variations on the short‐run equi