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
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Page 160
... GERCU to the SIRCU and the economy may be trapped in a deflationary recession . In the ' puzzling case ' , monetary policy interventions , which follow the Dumenil / Levy ( 1999 ) / New Consensus advice and increase the real rate of ...
... GERCU to the SIRCU and the economy may be trapped in a deflationary recession . In the ' puzzling case ' , monetary policy interventions , which follow the Dumenil / Levy ( 1999 ) / New Consensus advice and increase the real rate of ...
Page 161
... GERCU , which has been established by the short - run effects of monetary policy interventions . A high profit share elasticity of investment and a low initial GERCU will be conducive to a positive relation between the profit share and ...
... GERCU , which has been established by the short - run effects of monetary policy interventions . A high profit share elasticity of investment and a low initial GERCU will be conducive to a positive relation between the profit share and ...
Page 164
... GERCU adjusts to the SIRCU because of the ' puzzling ' real debt effects on demand and capacity util- ization . In the ' normal case ' no such adjustment can be supposed and monetary policy interventions are indicated . In the short run ...
... GERCU adjusts to the SIRCU because of the ' puzzling ' real debt effects on demand and capacity util- ization . In the ' normal case ' no such adjustment can be supposed and monetary policy interventions are indicated . In the short run ...
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 |