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Persistent link: https://www.econbiz.de/10010298495
Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium … participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …
Persistent link: https://www.econbiz.de/10010298499
Dem neu-keynesianischen langfristigen Gleichgewichtskonzept einer durch Strukturfaktoren des Arbeitsmarktes, der Lohnverhandlungen und der sozialen Sicherungssysteme bestimmten inflationsstabilen Arbeitslosenquote (NAIRU) wird in diesem Beitrag eine post-keynesianische Interpretation der NAIRU...
Persistent link: https://www.econbiz.de/10010306760
Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this model the NAIRU is considered to be a short-run...
Persistent link: https://www.econbiz.de/10010306762
Starting from a Post-Keynesian model in which employment is determined by effective demand and the NAIRU is viewed as a limit to employment, enforced by monetary policy reacting upon conflict inflation, the effects of central bank independence and labour market institutions on macroeconomic...
Persistent link: https://www.econbiz.de/10010306768
shown that major elements of Marx.s economic theory fall in the camp of monetary analysis and the implications for Marx ….s theory of capital accumulation are derived. First, Marx.s theory of labour value has to be considered a .monetary theory of … follows, that any .real theory. of crisis and stagnation, as the falling rate of profit theory of crisis, cannot be sustained …
Persistent link: https://www.econbiz.de/10010306782
This paper investigates the empirical relevance of a new framework for monetary policyanalysis in which decision makers are allowed to weight differently positive and negative deviations of inflation and output from the target values. The specification of the central bank objective is general...
Persistent link: https://www.econbiz.de/10011335732
The theory of endogenous money supply forms one of the cornerstones of Post Keynesian economics. It has been developing …
Persistent link: https://www.econbiz.de/10010322224
formulate a model of financing. New Keynesian theory emphasizes that a firm's net worth influences investment decisions and …
Persistent link: https://www.econbiz.de/10011551998