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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Page xi
... Effects of interest rate variations with an interestinelastic mark-up in the extended Rowthorn– Dutt–Amadeo model II.3 Responses of the profit share, the rate of capacity utilization, the rate of accumulation and the rate of profit to a ...
... Effects of interest rate variations with an interestinelastic mark-up in the extended Rowthorn– Dutt–Amadeo model II.3 Responses of the profit share, the rate of capacity utilization, the rate of accumulation and the rate of profit to a ...
Page 4
... monetary theory of production'. The focus is on the short-run and, in particular, on the long-run effects of monetary ... effects of changes in the monetary interest rate. The analysis in the first part of the book will provide the basis ...
... monetary theory of production'. The focus is on the short-run and, in particular, on the long-run effects of monetary ... effects of changes in the monetary interest rate. The analysis in the first part of the book will provide the basis ...
Page 5
Contributions to 'Monetary Analysis' E. Hein. a monetary circuit in chapter 10. Then, this model will be used to analyse and to compare the effects of changes in the interest rate induced by monetary policies in the different variants of ...
Contributions to 'Monetary Analysis' E. Hein. a monetary circuit in chapter 10. Then, this model will be used to analyse and to compare the effects of changes in the interest rate induced by monetary policies in the different variants of ...
Page 9
... money supply affects output and employment. Therefore, the classical dichotomy between the real and the monetary sphere is a phenomenon of the long run. The neutrality hypothesis with respect to the effects of monetary policy is further ...
... money supply affects output and employment. Therefore, the classical dichotomy between the real and the monetary sphere is a phenomenon of the long run. The neutrality hypothesis with respect to the effects of monetary policy is further ...
Page 10
... effects and may be required to bring the economy back to its long-run equilibrium determined by production technologies and preferences. Monetary ... effects: All economic agents have 10 Real and Monetary Analysis in Economic Paradigms.
... effects and may be required to bring the economy back to its long-run equilibrium determined by production technologies and preferences. Monetary ... effects: All economic agents have 10 Real and Monetary Analysis in Economic Paradigms.
Contents
xiii | |
3 | |
6 | |
Interest Rate Distribution and Capital Accumulation PostKeynesian Models | 59 |
Distribution Conflict Inflation and Monetary Policy in a Credit Economy | 128 |
Notes | 177 |
References | 189 |
Index | 210 |
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Common terms and phrases
adjustment amount applying approach associated assumed becomes capacity utilization capital accumulation capital stock capitalist cause central bank changes chapter circuit Classical commercial banks commodity considered constant costs curve debt debt–capital ratio decisions demand depends determined developed discussed distribution and growth economy effective demand effects employment endogenous equation equilibrium expectations extended falling finance firms follows function funds GERCU GERE given hence hold households income increasing inflation inflation rates initial internal investment Kalecki Kaleckian models Keynesian labour Lavoie liquidity long-run long-run equilibrium long-term mark-up Marx Marx’s means monetary theory NAIRU negative nominal normal output payment positive Post-Keynesian production profit share propensity quantity rate of capacity rate of interest rate of profit real interest rates relation rentiers requires respect retained rising risk saving sector short short-run SIRCU SIRE stable supply tion variable