systematic profit shortfalls. By following a variant of Friedman's rule, the central bank can remove the market disruption of …

deflation. However, private currency market power - modelled as concentration of decision powers in a currency consortium as …

. Our theory produces additional predictions that are also confirmed in the data. As such changes are structural rather than …

participate in the export market and prices are staggered across firms and time. We show that while lower interest rates and a … firms in the export market than to exchange rate movements or interest rates. …

participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium … explained by different market constellations which are characterised by different sets of institutions. political and cultural …