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The objective of this article is to make a critical evaluation of the controversies about the Cambridge Equation both in the initial phase - when Pasinetti, Kaldor, Meade, Samuelson and Modigliani got involved - and in the second round that followed the publication of Steedman´s article, which...
Persistent link: https://www.econbiz.de/10005784943
What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the coordenation process of the monetary economies.
Persistent link: https://www.econbiz.de/10005784967
The purpose of this article is to show that access to indexed assets during the high inflation regime (1990-1993) was not evenly distributed among different states in Brazil. An index was elaborated to measure the access to indexed assets and the author concluded that some states had a lower...
Persistent link: https://www.econbiz.de/10005685302
The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which...
Persistent link: https://www.econbiz.de/10005652859