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 44
... curve of reserves in base interest rate central bank money space and hence the degree of central bank accommodation of reserves in the face of expanding credit . The second is related to the commercial banks ' sup- ply curve in market ...
... curve of reserves in base interest rate central bank money space and hence the degree of central bank accommodation of reserves in the face of expanding credit . The second is related to the commercial banks ' sup- ply curve in market ...
Page 46
... curve ( LD ) and the horizontal loan supply curve ( LS ) of commercial banks at a given rate of interest ( iâ ) calculated by marking up the central bank's base rate [ İB = ( 1 + MB ) İCB ] . The mark - up ( mg ) is determined by ...
... curve ( LD ) and the horizontal loan supply curve ( LS ) of commercial banks at a given rate of interest ( iâ ) calculated by marking up the central bank's base rate [ İB = ( 1 + MB ) İCB ] . The mark - up ( mg ) is determined by ...
Page 52
... curve of reserves . Summing up so far , at every moment in time there are horizontal sup- ply curves of reserves and loans . Considering change in historical time , however , there may be an increase in interest rates when money and ...
... curve of reserves . Summing up so far , at every moment in time there are horizontal sup- ply curves of reserves and loans . Considering change in historical time , however , there may be an increase in interest rates when money and ...
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 |