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Grasselli 2012 UMKC Keen model with government

Summary:
Matheus Grasselli, Professor of Mathematics at McMaster University, presents an extension of the Keen model of financial instability to include government spending which is able to compare the austerity approach to that of running deficits during a recession.

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Matheus Grasselli, Professor of Mathematics at McMaster University, presents an extension of the Keen model of financial instability to include government spending which is able to compare the austerity approach to that of running deficits during a recession.


Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

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