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. |
From inside the book
Results 1-5 of 34
Page xiii
... long-term credit BK banking sector C commodities C w consumption out of wages C z consumption out of rentiers' income C consumption out of profits c z propensity to consume out of rentiers' income D deposits E employment EN employment ...
... long-term credit BK banking sector C commodities C w consumption out of wages C z consumption out of rentiers' income C consumption out of profits c z propensity to consume out of rentiers' income D deposits E employment EN employment ...
Page 11
... run, and 3. a central bank reaction function in which the nominal interest ... term interest rate. New Consensus models have accepted that in modern credit ... long run, when inflation has adjusted to the central bank's target rate and ...
... run, and 3. a central bank reaction function in which the nominal interest ... term interest rate. New Consensus models have accepted that in modern credit ... long run, when inflation has adjusted to the central bank's target rate and ...
Page 14
... long-term rate of interest determined by the central bank and/or financial markets is part of firms' normal costs which have to be covered by production prices. The rate of profit of enterprise (rn) is taken as given and is determined ...
... long-term rate of interest determined by the central bank and/or financial markets is part of firms' normal costs which have to be covered by production prices. The rate of profit of enterprise (rn) is taken as given and is determined ...
Page 32
You have reached your viewing limit for this book.
You have reached your viewing limit for this book.
Page 34
You have reached your viewing limit for this book.
You have reached your viewing limit for this book.
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 |
Other editions - View all
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