Consumer and Corporate Debt in a 3D Macroeconomic Model

We build on the literature of consumer debt–income inequality nexus, by developing a post-Keynesian model of growth and income distribution that incorporates both consumer and corporate borrowing. Specifically, we examine a non-linear dynamic system of three differential equations of workers’ debt-t...

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Bibliographic Details
Main Authors: Emilia G. Marsellou, Stylianos Kotsios
Format: Article
Language:English
Published: MDPI AG 2025-03-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/13/7/1052
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