money macroeconomics and keynes essays in honour of victoria chick volume 1 phần 7 doc

... of interest, falling profitability and rising unemployment in the 19 70 s. Inflation has since come down again, real interest rates increased in the early 19 80s and have remained positive, profitability ... the choice between ‘hoarding’ and ‘investing’, or, alternatively, as the choice between ‘bank deposits’ and ‘securities’. (Keynes 19 30a: 14 1 [19 71 b: 12 7] )...

Ngày tải lên: 09/08/2014, 19:22

... 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. ... ‘Aggregate Demand, Investment and the NAIRU’, mimeo. M. SAWYER 44 7 KEYNES, MONEY AND MODERN MACROECONOMICS Colin Rogers 1. Introduction In a recent review o...

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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 Ohlin in April 19 37 about Joan Robinson reading the proofs and ‘not discovering any connection’ (Keynes 19 37 [19 73 b]: 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...

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... present in the outburst of complaints about usury and excessive interest rates from the 15 60s onward. A usury bill prohibiting interest in excess of 10 per cent was introduced in 15 71 and cases of ... from 3.5 71 (15 26) to 5. 5 17 (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...

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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, ... Press. Chick, V. (19 73 ). The Theory of Monetary Policy, revised edn. Oxford: Basil Blackwell. Chick, V. (19 92). ‘The Evolution of the Banking System and the Theor...

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... to admitting the demand for finance as one of the factors influencing the rate of interest.’ (Keynes 19 37a: 2 47/ 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). ‘Fina...

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... the Phillips machine! 3 This point was made clear in the 19 78 volume of essays in honour of the memory of A. W. H. Phillips (Bergstrom et al. 19 78 ) but is made even more forcibly in the recent Leeson ... K. T. and Smithin, J. (19 93). ‘An Interest Rate Peg, Inflation and Output’, Journal of Macroeconomics, 15 (4), 76 9–85. Moore, B. J. (19 79 ). ‘The Endoge...

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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 ... Evolution of Financial Systems’, in R. Martin (ed.), Money and the Space Economy. New York: Wiley, pp. 31 48. Dunning, J. H. (19 97) . Re-evaluating the Benefits...

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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 ; ... commercial 18 , 72 ; deposits 14 , 19 , 38, 83, 14 4; development 72 , 76 7; lending 19 ; private 77 ; universal 71 , 77 Barens, I....

Ngày tải lên: 09/08/2014, 19:22