In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...

"This book provides cutting-edge material elaborating on monetary circuit theory and post-Keynesian monetary economics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance"--Provided by publisher

Foreword / by Philip Arestis -- Acknowledgements -- List of figures and tables -- List of variables -- Introduction -- Real and monetary analysis in economic paradigms -- Real and monetary analysis in economic paradigms: introduction -- Real analysis in classical, neoclassical, neoclassical...