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The paper proposes a Keynesian strategy for economic policy that aims to achieve higher, stable and sustained economic growth in Brazil. Its main hypothesis is that the current poor growth performance of the Brazilian economy is due to macroeconomic and structural constraints rather than to the...
Persistent link: https://www.econbiz.de/10005526991
In this paper we perform an analysis of the stability conditions of a macrodynamic model with Walrasian adjustment under three different rules of monetary policy: the maintenance of a constant supply of real money balances, a fixed rule of monetary growth (or Friedman's rule) and the inflation...
Persistent link: https://www.econbiz.de/10004968499
The objective of this article is to present the structure and the first computational simulations of a one-sector macrodynamic model that imbed some elements of the post- keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...
Persistent link: https://www.econbiz.de/10004968506
The objective of this article is to present the structure and the first computational simulations of a two sector macrodynamic model that embed some elements of the post-keynesian theoretical framework. The theoretical elements embed in the model are: i) determination of the level of output by...
Persistent link: https://www.econbiz.de/10004968632
Persistent link: https://www.econbiz.de/10005000144
This article intend to analyze the process of the economic growth and income distribution in an environment where technological progress and the basic rate of interest are endogenous and the money, via credit offer, has a preponderant role in the determination of economic dynamics. In this...
Persistent link: https://www.econbiz.de/10005000165
The objective of this paper is to show that open economies that have (1) a high degree of capital mobility, (2) a low degree of organization in financial markets, and (3) a high sensibility of net exports to changes in the level of economic activity may have bubbles in asset prices if there is...
Persistent link: https://www.econbiz.de/10005750052
The objective of this article is to make a critical evaluation of the controversies about the Cambridge Equation both in the initial phase - when Pasinetti, Kaldor, Meade, Samuelson and Modigliani got involved - and in the second round that followed the publication of Steedman´s article, which...
Persistent link: https://www.econbiz.de/10005784943
Persistent link: https://www.econbiz.de/10008477416
O presente artigo tem por objetivo analisar os efeitos da condução da política monetária com base no regime de metas de inflação no contexto de um modelo macro-dinâmico pós-keynesiano. Para tanto, foi desenvolvido um modelo Pós-Keynesiano de acumulação de capital e distribuição de...
Persistent link: https://www.econbiz.de/10008504410