money macroeconomics and keynes essays in honour of victoria chick volume 1 phần 5 potx

... 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). ‘Financ...

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... jump from 3 .5 71 ( 15 26) to 5. 51 7 ( 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 43. In the early stages of the inflation, ... diagram in r, Y space 15 2 15 .2 Alternative presentation of aggregate demand and supply in r, Y space 15 3 15 .3 Adjustment to a lower real rate of int...

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... (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 Quarterly Bulletin, ... 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 ove...

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... 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 is again in balance with the stock of money. ... Money and the Demand for Deposits: A Reply’, Cambridge Journal of Economics, 23, 11 5 19 . Bank of England (19 99). Economic Models at the Bank of England. Lond...

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... 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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... 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 ... counterparts’. Originally published in 19 73, although early drafts were written by 19 68 (Chick 19 92: 55 ). A condensed version is reprinted as Paper 5 in Chick...

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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 ... persistent theme in the work of Victoria Chick (e.g. 19 83, 2000). For example, there is a definitive expo- sition of Keynes s (19 36) use of demand and supply...

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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: ... illustrated in Fig. 15 .3 above. A tight money (high AGGREGATE DEMAND 15 7 Y AS AD 0 r 1 r 2 r a b Figure 15 .3 Adjustment to a lower real rate of interest 0 r 1...

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... Liederman, L. and Reinhart, C. M. (19 96). ‘Inflows of Capital to Developing Countries in the 19 90’s’, Journal of Economic Perspectives, 10 (2), 12 3–39. Carvalho, F. (19 95/ 6). ‘The Independence of Central ... Journal, 51 ( 3), 380–406. Chick, V. (19 83b). Macroeconomics after Keynes. London: Philip Allen. Chick, V. (19 92). In P. Arestis and S. C. Dow (eds), On Mone...

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... 32 capacity 17 6, 17 8 capital 12 5, 14 7, 17 4; accumulation 12 5, 17 8; flight 18 7, 18 9; flows 74 5, 15 9, 18 7–9; gain 70; goods 95, 10 4, 12 0, 14 2; inadequacy 12 5, 13 2 5; inflation 18 6; losses 66; markets 75; ... 18 9 Chamberlin, Edward 11 6 Champernowne, David 11 5 Chang dynasty 52 cheap money 15 8 Chick, V. 1 3, 35, 15 4, 18 2 Chick, V.: Macroe...

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