Money, Distribution Conflict and Capital Accumulation: Contributions to 'Monetary Analysis'
This book demonstrates that 'monetary analysis', as contained in Post-Keynesian monetary theories, but also in the Neo-Ricardian monetary theory of distribution and in Marx's monetary analysis, can be integrated into Post-Keynesian models of distribution of growth in a convincing way.
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Real and Monetary Analysis in Economic Paradigms
Interest Rate Distribution and Capital Accumulation PostKeynesian Models
Distribution Conflict Inflation and Monetary Policy in a Credit Economy
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assumed bank’s base rate Bhaduri/Marglin model capacity utilization capital accumulation capital stock capitalist central bank central bank money chapter commercial banks commodity credit money debt determined distribution and growth distribution conflict economy effective demand effects of changes effects of interest effects of monetary employment equation equilibrium debt–capital ratio firms GERCU GERE growth models hence increasing inflation rates interest rate variations internal funds investment decisions investment function Kaldor Kalecki Kaleckian models Keynes Keynes’s Keynesian Lavoie liquidity preference long-run equilibrium long-term macroeconomic market equilibrium Marx monetary analysis monetary circuit monetary policy interventions monetary theory monetary variables NAIRU Neo-Ricardian nominal wages normal rate output Phillips curve Post-Keynesian production profit of enterprise profit rate profit share propensity to save rate of capacity rate of interest rate of profit real analysis real interest rates real wage rate rentiers Say’s law short-run SIRCU SIRE target real wage wage bargaining wage-led