Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324086 
Year of Publication: 
2023
Citation: 
[Journal:] PSL Quarterly Review [ISSN:] 2037-3643 [Volume:] 76 [Issue:] 305 [Year:] 2023 [Pages:] 181-202
Publisher: 
Associazione Economia civile, Rome
Abstract: 
Making use of a post-Keynesian/Kaleckian two-country stock-flow consistent (SFC) simulation model, we shed light on different regimes in modern finance-dominated capitalism, their interaction at the global scale, and then on the changes in regimes after the 2007-09 crises. Most importantly, we present the main features of a progressive and more stable equality-, sustainability- and domestic demand-led regime. We show that the main features of such a regime will have to focus on a 'reformed capitalism' with regulated finance, a more equal distribution of income and active government fiscal policies, as guide posts for progressive social democracy.
Subjects: 
debt
financialisation
growth regimes
inequality
post-Keynesian macroeconomics
social capitalism
stock-flow consistent model
JEL: 
B59
E02
E11
E12
E25
E65
F41
O41
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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