MONEY, MACROECONOMICS AND KEYNES phần 7 docx

... as the choice between ‘hoarding’ and ‘investing’, or, alternatively, as the choice between ‘bank deposits’ and ‘securities’. (Keynes 1930a: 141 [1 971 b: 1 27] ) And he adds in a footnote: It is ... However, by the 1 970 s the P, Y version of aggregate demand and supply had become firmly entrenched in the intermediate level textbooks, for example in Dornbusch and Fischer (1 978 :...

Ngày tải lên: 06/08/2014, 20:22

... DEMAND POLICY 129 Keynes, J. M. (19 37 [1 973 b]). The General Theory and After, Part II, Defence and Development, C. W., Vol. XIV. London: Macmillan. Keynes, J. M. (1 979 ). The General Theory and ... Vol. 1 (19 97: 52–82). Robinson, J. (1 978 ). Keynes and Ricardo’, Journal of Post Keynesian Economics, 1, 12–18. Shapiro, N. (19 97) . ‘Imperfect Competition and Keynes , in Har...

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... conglomeration 73 bankruptcy 70 bank(s) 14, 38, 46 7, 70 , 92; central 14, 18, 144, 190; commercial 18, 72 ; deposits 14, 19, 38, 83, 144; development 72 , 76 7; lending 19; private 77 ; universal 71 , 77 Barens, ... Elgar. (ii) Articles and Contributions to books Keynes and the Post-Keynesians: A Survey and Evaluation’, for the Kent Keynes Conference, November. To be...

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... post-Keynesian stream from France and Italy: the Circuit approach 91 JOSEPH HALEVI AND RÉDOUANE TAOUIL 11 IS–LM and macroeconomics after Keynes 103 PETER KRIESLER AND JOHN NEVILE 12 On Keynes and ... marketable assets, and interbank and wholesale borrowing to meet the credit demands on them. 4 Step 3 above determines both the money stock, and its various sub-components,...

Ngày tải lên: 06/08/2014, 20:22

... Money and the Demand for Deposits: A Reply’, Cambridge Journal of Economics, 23, 115–19. Bank of England (1999). Economic Models at the Bank of England. London: Bank of England. Chick, V. (1 973 ). ... (1992). ‘The Evolution of the Banking System and the Theory of Saving, Investment and Interest’, in P. Arestis and S. Dow (eds), On Money, Method and Keynes: Essays of Victoria Ch...

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... orthodox macroeconomics, based on KEYNES, MONEY AND MODERN MACROECONOMICS 65 7 KEYNES, MONEY AND MODERN MACROECONOMICS Colin Rogers 1. Introduction In a recent review of developments in macroeconomics ... 1898.) KEYNES, MONEY AND MODERN MACROECONOMICS 67 Wicksell and Fisher, fails to make this clear and leads to the nonsensical impli- cation that equilibrium can exist...

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... Propects’, in OECD (1995: 9– 47) . Carvalho, F. C. (1992). Mr Keynes and the Post Keynesians. Cheltenham: Edward Elgar. FINANCIAL DEVELOPMENT, LIBERALIZATION AND GROWTH 77 According to Asimakopulos, ... decisions to invest.’ (Keynes 1937a: 2 47, my emphases). 4 The Keynesian sense of liquidity employed in this discussion refers to the relation between aggregate supply of and demand...

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... Keynes and the classics and stated that the equation embodying the consumption function and the multiplier ‘is a mere simplification and ultimately insignificant’ (19 37: 152). On the other hand, Harrod ... (Chick 1 977 : 55). Chick is also dismissive of the implied separation of fiscal and monetary policy within the IS–LM framework, arguing that IS–LM AND MACROECONOMICS AFTER...

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... analysis, and the so-called 45Њ approach. It did become a stick with which to beat the ‘Keynesians’ and to demand theoretical changes to modify ‘Keynesian’economics. But among followers of Keynes ... Elgar. Chick, V. and Smolensky, E. (1964). Aggregate Supply and Demand Analysis. New York: Harper and Row. Dornbusch, R. and Fischer, S. (1 978 ). Macroeconomics. New York: McGraw-...

Ngày tải lên: 06/08/2014, 20:22

... 51(3), 380–406. Chick, V. (1983b). Macroeconomics after Keynes. London: Philip Allen. Chick, V. (1992). In P. Arestis and S. C. Dow (eds), On Money, Method and Keynes, Selected Essays. Houndmills: ... long-term capital (McCombie and Thirlwall 1994). Nonetheless, Thirlwall’s model maintains the convention in both traditional trade theory and Keynesian (but not Keynes himself)...

Ngày tải lên: 06/08/2014, 20:22