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Aggregate Demand, Inequality and Instability

Author

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  • Piero Ferri

Abstract

This book studies the relationships between aggregate demand, inequality and instability. It extends the traditional approach by introducing wealth and inequality into a dynamic macroeconomic model. Furthermore, it examines the role that debt and financial instability can play in turbulent times such as the Great Recession and its aftermath. Unlike Piketty, the author analyses the relationships between instability and inequality, and the feedbacks from the latter to the former, in a system approach where real and monetary factors interact to generate complex patterns.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Piero Ferri, 2016. "Aggregate Demand, Inequality and Instability," Books, Edward Elgar Publishing, number 17444.
    • Handle: RePEc:elg:eebook:17444
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    File URL: https://www.elgaronline.com/view/9781786433046/9781786433046.xml
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    Citations

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    Cited by:

    1. Piero Ferri & Annalisa Cristini & Anna Maria Variato, 2019. "Growth, unemployment and heterogeneity," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 14(3), pages 573-593, September.
    2. Filippo Gusella & Anna Maria Variato, 2021. "Financial Instability and Income Inequality: why the connection Minsky-Piketty matters for Macroeconomics," Working Papers - Economics wp2021_15.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    3. Piero Ferri & Fabio Tramontana, 2018. "Debt Persistence in a Deflationary Environment: A Regime-Switching Model," Computational Economics, Springer;Society for Computational Economics, vol. 52(2), pages 421-442, August.
    4. Anna Maria Variato & Paolo Maranzano & Roberto Romano, 2020. "Rotta Next Generation: tra narrazioni ed evidenza empirica, le sfide del possibile orizzonte della politica economica italiana (Next Generation EU: challenges for the possible horizon of Italian econo," Moneta e Credito, Economia civile, vol. 73(291), pages 207-236.
    5. Steven M Fazzari & Piero Ferri & Anna Maria Variato, 2020. "Demand-led growth and accommodating supply," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 44(3), pages 583-605.

    Book Chapters

    The following chapters of this book are listed in IDEAS

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    Keywords

    Economics and Finance;

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