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Persistent link: https://www.econbiz.de/10000724499
contrast between his and Keynes's approach to the problem of unemployment is made. After that, Pigou's first reactions to The …
Persistent link: https://www.econbiz.de/10005085761
contrast between his and Keynes´s approach to the problem of unemployment is made. After that, Pigou´s first reactions to The …
Persistent link: https://www.econbiz.de/10004988624
This paper proposes that, in spite of some fundamental invariant aspects, the way of exposition of the Minsky's work central concept - the so called Financial Instability Hypothesis - changed significantly throughout his academic productive period; furthermore it assesses the traditional way this...
Persistent link: https://www.econbiz.de/10004968502
Harrod´s model: nature of long term expectations, instability and no linearity The different versions of Harrod´s growth model have always been the subject of controversy and mistaken interpretations: in this paper, we intend to show how Harrod, from 1938 onwards, provides the elements to...
Persistent link: https://www.econbiz.de/10004988657
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
variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …
Persistent link: https://www.econbiz.de/10011372339
unemployment on inflation seems to present in short term. In the long run, the estimations do not able to detect any impact of … unemployment on the dynamic of inflation. Finally, the structural break marks the relationship between the exchange rate and … study, the following are more remarkable. Firstly, the inflationary inertia and expectation of inflation are important …
Persistent link: https://www.econbiz.de/10010330593
variables. These results cast some doubts about the ability of the Phillips curve to describe the dynamics of inflation in the …
Persistent link: https://www.econbiz.de/10010405199
Capital acumulation, capacity utilization and inflation: an analisys based in a non-linear post-keynesian macrodynamic … model - The aim of this article is to analyze the effects of inflation on capital accumulation and on the degree of capacity …-linear (quadratic) function of inflation rate. Within this framework we demonstrate the existence of two short-run equilibrium values …
Persistent link: https://www.econbiz.de/10008467345