Hein, Eckhard; Ochsen, Carsten - In: Metroeconomica 54 (2003) 4, pp. 404-433
The first part of the paper deals with the effects of an exogenous variation in the monetary interest rate on the real equilibrium position of the economic system in a Kaleckian effective demand model. Different regimes of accumulation are derived and it is shown that a negative relation between...