consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …

pt. 1. Heterodox economic theory and money in macroeconomics -- pt. 2. Distribution and aggregate demand -- pt. 3 …Money, distribution and economic policy takes issue with the inappropriate treatment of money, effective demand and …: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and …

recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …

economics, and is renowned as the progenitor of the "horizontalist" analysis of endogenous money. More recently, he has embraced … macroeconomics of endogenous money -- pt. 4. The macroeconomics of exogenous interest rates -- pt. 5. Unemployment, inflation and the …

money. In this context, they highlight the relevance of Abba Lerner's famous dictum, 'money is a creature of the State'. The …

The paper revisits the investment simulation based on strategies exhibited by Generalized (m,2)-Zipf law to present an … particular length of words, we can see how wild historical fluctuations over time series data coped with the Zipf strategies. …

are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …