money macroeconomics and keynes essays in honour of victoria chick volume 1 phần 6 docx

... 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 ... expectations in the General Theory (Reddaway 19 36 [Keynes 19 73]: 67 ). Keynes replied that, if so, it was due to inadvertence (19 36b [19 73]: 70). 9 See e.g. Ackley...

Ngày tải lên: 09/08/2014, 19:22

... from 3.5 71 (15 26) to 5. 517 (15 46) to 9. 310 (15 61 ) , declining then to 6. 2 86 ( 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, ... present in the outburst of complaints about usury and excessive interest rates from the 15 60 s onward. A usury bill prohibiting interest in excess of 10 per cent...

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... 293–3 46. 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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... 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. ... qualified aggregate profits as the final finance of investment initially financed by credit. I am now convinced of the infelicitous nature of the distinc- tion betwee...

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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...

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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). ‘Financ...

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... 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 analysis in Chick (19 83: 62 – 81) . The author ... of interest, falling profitability and rising unemployment in the 19 70s. Inflation has since come down again, real interest rates increased in the earl...

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... social B. CORRY 16 4 Hutchison, T. W. (19 68 ), Economics and Economic Policy in Britain 19 46 66 . London: George Allen and Unwin. Johnson, H. G. and Nobay, A. R. (ed.) (19 71) . The Current Inflation. ... CURVE 16 9 as one of the factors determining output and employment. In other words, an increase in demand, which is not offset by a compensating shift in supply, w...

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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 ... importance of capital movements in cushioning, stimulating and even dominating the balance of payments (Triffin 19 69 : 43). 3. The liquidity preference of...

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... 3 runs 12 1 Sachs, J. D. 14 8 saddle-path stability 17 5 Saladin 7 Sala-I-Martin, X. 18 0 Samuelson, P. A. 15 1, 16 6 Samuelson–Stolper theorem 16 3 saver 14 0, 14 2, 14 6, 14 8 savings 68 , 81, 87, 11 1, 13 8; ... 86 investment–saving nexus 68 , 76 investor(s) 71, 14 0, 14 6, 18 5–9 Ireland 203 IS curve 26, 62 , 65 , 15 2 IS/LM 2, 21, 36, 62 , 10 5 12 , 15 2 Ita...

Ngày tải lên: 09/08/2014, 19:22