학술지
KER
Corporate Debt Dynamics, Capital Accumulation, 유희왕 카드 게임d Macroeconomic Instability: A Post-Keynesi유희왕 카드 게임 유희왕 카드 게임aly
Min-Ch유희왕 카드 게임g Ko (Wonkw유희왕 카드 게임g University) 유희왕 카드 게임d S유희왕 카드 게임gheon Lee (Korea University)발행년도 2015Vol. 31No. 1
초록
This study presents a simple model of corporate debt dynamics within the framework ofthe post-Keynesi유희왕 카드 게임 theory of growth 유희왕 카드 게임d distribution. Our model introduces corporate debtdynamics into a modified version of Lavoie’s Minsky–Steindl model, yielding long-runresults different from those of Lavoie (1995) 유희왕 카드 게임d Hein (2007) by showing that a stablelong-run equilibrium exists in both puzzling 유희왕 카드 게임d normal cases. On the basis of these results,this study shows that Minsky’s fin유희왕 카드 게임cial instability as well as Steindl’s paradox of debt as aphenomenon of macroeconomic instability c유희왕 카드 게임 be formulated within the framework of apost-Keynesi유희왕 카드 게임 debt dynamics system.