Maturity, Stagnation and Consumer Debt: A Steindlian Approach

By A. Dutt. 2006

219 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/b22dac17543beeb0dff2a85a24c01f1db3dd3a5a

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Citations in the corpus

Financialisation, income distribution and aggregate demand in the USA (2011, background): “Godley and Lavoie (2007), Hein and van Treeck (2008), Dutt (2006), and Palley (1996) also point at these conflicting flow and stock effects of higher debt.”
Debt-driven growth? Wealth, distribution and demand in OECD countries (2016, background): “Palley (1994), Dutt (2006) and Hein (2012a) include household debt in Kaleckian models and Isaac and Kim (2013) is one of the few paper that explicitly model business as well as household debt simultaneously.”
Personal income inequality and aggregate demand (2016, background): “…that the standard Kaleckian model incompletely captures interactions between demand and distribution when applied to today’s advanced economies: Dutt (2006) extends the model to account for consumer debt, Rezai (2011) and von Arnim, Tavani, and de Carvalho (2012) highlight the importance of…”
Inequality, the Great Recession, and Slow Recovery (2014, unknown): “In Dutt (2006), household borrowing stimulates demand and output in the short run, but the accumulation of debt can eventually threaten expansion.”
‘Financialisation’ in Post-Keynesian Models of Distribution and Growth: A Systematic Review (2008, background): “1 See for example the overview in Eatwell/Taylor (2000) for an early analysis, Krippner (2005) and the contributions in Epstein (2005) for a detailed treatment of the development in the US and other countries, van Treeck/Hein/Dünhaupt (2007) and van Treeck (2008a) for a comparison of the macroeconom”
Conspicuous Consumption, Inequality and Debt: The Nature of Consumption‐driven Profit‐led Regimes (2015, unknown): “Dutt (2006), for instance, argues that changes on the supply side (the already mentioned institutional changes) play the more important role in consumption booms.”
Neoliberal growth models, monetary union and the Euro crisis. A post-Keynesian perspective (2016, background): “However, it will also have a negative effect, typically delayed, as higher debt levels imply higher interest payments from debtors to creditors, which dampens aggregate demand (Dutt 2006).”
Did Inequality Cause the U.S. Financial Crisis (2014, unknown): “…to the more direct negative aggregate demand effects of rising permanent inequality, due to a lower propensity to consume of high income households, and the offsetting effect of a higher credit demand of households below the top (e.g. Palley, 2002, 2012; Dutt, 2006; Barba and Pivetti, 2009).”