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There is a short period, at the eve of the Second World War, where the development of macroeconomic theory pushed imperfect competition to the fore. During this period called by Shackle the ‘years of high theory’, many issues concerning income distribution and the trade cycle were raised....
Persistent link: https://www.econbiz.de/10009371100
Kaldor presents his analysis of the distribution as a Keynesian theory. His work is inspired by Keynes’ contributions …, in the Treatise on Money, and by Kalecki. However, while Keynes and Kalecki develop analyses of short period, Kaldor …
Persistent link: https://www.econbiz.de/10009371102
Persistent link: https://www.econbiz.de/10010421498
Cet article analyse la façon dont Keynes et les keynésiens posèrent la question du choix de l'unité de mesure des … agrégats macroéconomiques. Soulignant les rapports étroits qui existent entre les cours que Keynes professa entre 1933 et 1935 … et les diverses versions du modèle IS-LM, il montre que les problèmes naissent de la façon dont Keynes avait abordé ce …
Persistent link: https://www.econbiz.de/10010930036
Persistent link: https://www.econbiz.de/10005685298
This contribution analyzes how Keynes and the Keynesians asked the question of the choice of the unit of measure of the … macroeconomic aggregates. Underlining the narrow relationships which exist between the lectures Keynes professed between 1933 and … 1935 and the diverse versions of the model IS-LM, it shows that the problems arise from the way Keynes had approached this …
Persistent link: https://www.econbiz.de/10011187379
Cette contribution analyse la façon dont Keynes et les keynésiens posèrent la question du choix de l'unité de mesure … des agrégats macroéconomiques. Soulignant les rapports étroits qui existent entre les cours que Keynes professa entre 1933 … et 1935 et les diverses versions du modèle IS-LM, elle montre que les problèmes naissent de la façon dont Keynes avait …
Persistent link: https://www.econbiz.de/10010561824
The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...
Persistent link: https://www.econbiz.de/10010291897
analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from … trading at false prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes …
Persistent link: https://www.econbiz.de/10010291902
Specific ideas about the Fisher relation between real and nominal interest rates and more general ideas about the nature of the central bank's duty to support the financial system in times of crisis were important to the Monetarist re-assessment of the causes of the Great Depression and what...
Persistent link: https://www.econbiz.de/10010291905