Fabio Freitas

TL;DR: In this paper, the authors present a simple but complete formal version of the Sraffian supermultiplier model in which growth is led by the autonomous components of demand that do not create capacity.

TL;DR: In this paper, the authors argue that Harrodian instability is an instance of what Hicks in his book Capital and Growth (1965) called static instability related to the direction (and not to the intensity) of the disequilibrium adjustment process.

TL;DR: In this article, the Sraffian supermultiplier model provides an alternative closure for the heterodox analysis of economic growth, which follows from the assumption of the existence of autonomous non-capacity-creating expenditures, which implies that the ratio of the average to the marginal propensity to save is an endogenous variable whose determination allows the marginal tendency to invest to determine the saving ratio without the need for changes in income distribution.

TL;DR: In this article, the authors present a very simple but complete formal version of the sraffian supermultiplier model in which growth is led by the autonomous components of demand that do not create capacity, private productive investment is induced and distribution is exogenous.

TL;DR: In this paper, a basic Sraffian supermultiplier model for the analysis of fiscal policy and government debt is presented, and the effects on the main endogenous variables of the model (including the primary government deficit and debt ratios) of changes in the rate of growth and composition of autonomous demand, in the tax rates on profits and wages, and in the interest rate of interest.