money macroeconomics and keynes essays in honour of victoria chick volume 1 phần 4 doc

... and Floods’, in A. Ingham and A. M. Ulph (eds), Demand, Equilibrium and Trade: Essays in Honour of Ivor F. Pearce. London: Macmillan. (Reprinted in Arestis and Dow 19 92: 16 7–80). Chick, V. (19 92). ... Maturity mismatching, finance and funding Financing investment in the context of fundamental uncertainty The problem of maturity mismatching (in the process o...

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... M. (19 99). ‘Aggregate Demand, Investment and the NAIRU’, mimeo. M. SAWYER 44 7 KEYNES, MONEY AND MODERN MACROECONOMICS Colin Rogers 1. Introduction In a recent review of developments in macroeconomics ... stock of money in excess of the demand for money leads to the bidding up of prices as the ‘excess’ money is spent, continuing until the demand for money...

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... to Ohlin in April 19 37 about Joan Robinson reading the proofs and ‘not discovering any connection’ (Keynes 19 37 [19 73b]: 19 0). Not that Keynes was unappreciative of the writings of Kahn and Joan ... Journal, 49 , 15 0 4. Tarshis, L. (19 79). ‘The Aggregate Supply Function in Keynes s General Theory’, in Boskin (19 79: 3 61 92). Weitzman, M. L. (19 82). ‘Increasing...

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... of interest, falling profitability and rising unemployment in the 19 70s. Inflation has since come down again, real interest rates increased in the early 19 80s and have remained positive, profitability ... DECISION 14 9 14 THE INVESTMENT DECISION IN KEYNES S THOUGHT 1 Augusto Graziani 1. Introduction The decision to invest, ‘namely the purchase of a capital asset o...

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... NEVILE 12 On Keynes and Chick on prices in modern capitalism 11 5 G. C. HARCOURT 13 Aggregate demand policy in the long run 12 4 PETER SKOTT 14 The investment decision in Keynes s thought 14 0 AUGUSTO ... from 3.5 71 (15 26) to 5. 517 (15 46 ) to 9. 310 (15 61) , declining then to 6.286 (16 00) but falling back to long-term orders of magnitude (c. 3.5) only by 16 4...

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... 293– 346 . Goodhart, C. (19 98). ‘Central Bankers and Uncertainty’, Keynes Lecture in Economics, Oct 29, reprinted in Proceedings of the British Academy, 10 1, 229– 71 (19 99) and in the Bank of England ... long rate of interest affects both the demand for money and aggregate demand, so that changes in the quantity of money contain information about this variable...

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... to admitting the demand for finance as one of the factors influencing the rate of interest.’ (Keynes 19 37a: 247 /8). We should keep in mind how Keynes defined finance, as shown above. 12 While ... future. References Chick, V. (19 92). In P. Arestis and S. C. Dow (eds), On Money, Method and Keynes: Selected Essays. New York: St. Martin’s Press. Chick, V. (19 98). ‘Finan...

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... Sraffian Interpretation of the Surplus Approach’, History of Political Economy, 31, 213 –36. Boulding, K. E. (19 41 ) . Economic Analysis. Harper. Brown, A. W. (19 55). The Great Inflation 19 39 19 51. Oxford: ... K. T. and Smithin, J. (19 93). ‘An Interest Rate Peg, Inflation and Output’, Journal of Macroeconomics, 15 (4) , 769–85. Moore, B. J. (19 79). ‘The Endogenous Money S...

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... importance of capital movements in cushioning, stimulating and even dominating the balance of payments (Triffin 19 69: 43 ). 3. The liquidity preference of foreign and local financial investors An ... Journal, 51( 3), 380 40 6. Chick, V. (19 83b). Macroeconomics after Keynes. London: Philip Allen. Chick, V. (19 92). In P. Arestis and S. C. Dow (eds), On Money, Method...

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... 77 sovereignty 19 4, 19 6 Spain 19 6 specie inflow 6, 8 speculation 14 4, 14 8, 18 6, 19 7 speculator(s) 14 0, 14 4, 14 6, 18 8 spending 80 Sraffa, Piero 11 6 Stability Pact 2 01 2 stabilization 12 9 stagflation 13 0, 16 5 stagnation ... effects 40 , 13 6 idle balances 90 illiquidity preference 11 0 12 imports 18 4, 19 0 income(s) 19 , 14 1; creation 84; individual...

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