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 11
... Consensus models.8 The New Consensus models are characterized essentially by three equations : 1. an aggre- gate demand function derived from households ' and firms ' optimization behaviour , which relates the output gap inversely to ...
... Consensus models.8 The New Consensus models are characterized essentially by three equations : 1. an aggre- gate demand function derived from households ' and firms ' optimization behaviour , which relates the output gap inversely to ...
Page 133
... Consensus models of monetary policy analysis.2 In these models the NAIRU is determined by structural factors of the labour market , the wage bargaining process , and the social benefit system . Due to ' micro- founded ' rigidities ...
... Consensus models of monetary policy analysis.2 In these models the NAIRU is determined by structural factors of the labour market , the wage bargaining process , and the social benefit system . Due to ' micro- founded ' rigidities ...
Page 187
... Consensus view see Carlin / Soskice ( 2006 , pp . 27-172 ) , Clarida / Gali ... models . See Dutt ( 2003 , 2006a ) , Kaldor ( 1957 ) , Leon - Ledesma ... Consensus models in which the natural rate of growth is endogenous to the actual ...
... Consensus view see Carlin / Soskice ( 2006 , pp . 27-172 ) , Clarida / Gali ... models . See Dutt ( 2003 , 2006a ) , Kaldor ( 1957 ) , Leon - Ledesma ... Consensus models in which the natural rate of growth is endogenous to the actual ...
Contents
Money Distribution Conflict and Capital | 1 |
Banking School | 13 |
Keyness Monetary Theory of Production and | 30 |
Copyright | |
12 other sections not shown
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Money, Distribution Conflict and Capital Accumulation: Contributions to ... E. Hein Limited preview - 2007 |
Common terms and phrases
assumed base rate Bhaduri/Marglin model capacity utilization capital accumulation capital stock capitalist central bank central bank money chapter circulation commercial banks commodity credit money debt determined distribution and growth distribution conflict Edward Elgar effective demand effects of interest employment equation equilibrium debt-capital ratio finance firms GERCU GERE growth models hence increasing inflation rates interest rate variations internal funds investment function Journal of Economics Kaldor Kalecki Kaleckian models Keynes Keynes's Keynesian Lavoie liquidity preference long-run equilibrium long-term macroeconomic Marx Michal Kalecki monetary analysis monetary circuit monetary policy interventions monetary theory monetary variables NAIRU Neo-Ricardian nominal wages normal rate output 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 rate real wage rate rentiers Rowthorn-Dutt-Amadeo model Say's law short-run SIRCU SIRE stable target real wage theory of money wage bargaining wage-led
References to this book
Finance-led Capitalism?: Macroeconomic Effects of Changes in the Financial ... Eckhard Hein No preview available - 2008 |