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 …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and thrift. His point was that it is money, not saving, which is the necessary prerequisite for economic activity in … well beyond both heterodox endogenous money approaches and modern Wicksellian orthodoxy, which remains trapped in the …

This article aims to analyze the relationship between inflation and unemployment in the United States, in the 1960s and … unemployment and inflation rates were observed, although at the cost of high inequality. … unemployment rates, to understand the scenario of the American economy till the beginning of 2020, in which historically low …

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … substantially expands the traditional vector error correction approach, to analyze the short run impact of money on prices. We … contribute to the literature in three ways: First, we distinguish changes in velocity of money that are due to institutional …

In this paper we formulate a baseline disequilibrium AS-AD model and empirically estimate it with time series data for … rate rule. It is based on sticky wages and prices, perfect foresight of current inflation rates and adaptive expectations … concerning the inflation climate in which the economy operates. A version of Okun's law is used to link capacity utilization to …