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General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in the case of fooling …
Persistent link: https://www.econbiz.de/10010281727
12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in … ; New Classical ; New Monetary Consensus ; Monetary Theory of Production ; Effective Demand ; Special Properties of Money …
Persistent link: https://www.econbiz.de/10008906589
to put in place anti-inflationary measures, such as well-targeted taxes, wage and price controls, rationing, and … conclude that it is likely that the GND can be phased in without inflation, but if price pressures do appear, deferring a small …
Persistent link: https://www.econbiz.de/10012016741
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …
Persistent link: https://www.econbiz.de/10008906545
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …
Persistent link: https://www.econbiz.de/10013128005
Persistent link: https://www.econbiz.de/10009730625
Persistent link: https://www.econbiz.de/10009722027
the rational expectations equilibria of this model. We find that the equilibrium is not unique despite the absence of any …
Persistent link: https://www.econbiz.de/10013085407
characterize the rational expectations equilibria of this model. We find that the equilibrium is not unique despite the absence of …
Persistent link: https://www.econbiz.de/10013078372
Persistent link: https://www.econbiz.de/10011850405