## Money, Distribution Conflict and Capital Accumulation: Contributions to 'Monetary Analysis'This book examines real and monetary analysis in economic paradigms and looks at real analysis in a range of economic theories. The book also examines interest rate, distribution and capital accumulation through post-Keynesian models, including the Kaldor-Robinson and Kaleckian models, and distribution conflict, inflation and monetary policy in a credit economy. |

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Page 113

A falling

the equilibrium accumulation rate, countervailing the short-run effect. In the long

run, the equilibrium rate of capital accumulation will rise, also in the unstable

case.

A falling

**equilibrium debt- capital ratio**should then have a stimulating effect onthe equilibrium accumulation rate, countervailing the short-run effect. In the long

run, the equilibrium rate of capital accumulation will rise, also in the unstable

case.

Page 119

The effects of interest rate variations on the

derived from equation (1I.65): First, we consider again the case of an interest-

inelastic mark-up. With the conditions for a stable long-run equilibrium given, ...

The effects of interest rate variations on the

**equilibrium debt-capital ratio**can bederived from equation (1I.65): First, we consider again the case of an interest-

inelastic mark-up. With the conditions for a stable long-run equilibrium given, ...

Page 122

If P(l -sz)-6j* >0, the long-run

requires that ... When the interest rate rises in a constellation with a long-run

stable debt-capital ratio, the rate of capital accumulation will increase in the short

run.

If P(l -sz)-6j* >0, the long-run

**equilibrium debt-capital ratio**will be stable. Thisrequires that ... When the interest rate rises in a constellation with a long-run

stable debt-capital ratio, the rate of capital accumulation will increase in the short

run.

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### Contents

Money Distribution Conflict and Capital | 1 |

Introduction to Part I | 7 |

Banking School | 13 |

Copyright | |

11 other sections not shown

### Other editions - View all

Money, Distribution Conflict and Capital Accumulation: Contributions to ... E. Hein Limited preview - 2007 |

### Common terms and phrases

assumed base rate capacity utilization capital accumulation capital stock capitalist central bank central bank money chapter commercial banks commodity Consensus models credit money debt determined distribution and growth distribution conflict effective demand effects of changes effects of interest effects of monetary employment equation equilibrium debt-capital ratio equilibrium rate firms GERCU GERE growth models hence inflation rates interest rate variations internal funds investment decisions investment function Kaldor Kalecki Kaleckian models Keynes Keynes's Keynesian Lavoie liquidity preference long-run equilibrium long-term macroeconomic market equilibrium Marx Marx's monetary analysis monetary circuit monetary policy interventions monetary theory monetary variables NAIRU Neo-Ricardian nominal wage normal rate output paradox of thrift Phillips curve 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 Say's law short-run SIRCU SIRE supply target real wage wage bargaining wage-led

### References to this book

Finance-led Capitalism?: Macroeconomic Effects of Changes in the Financial ... Eckhard Hein No preview available - 2008 |