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focuses in particular on Minsky's contribution and its relevance for understanding the current crisis. …
Persistent link: https://www.econbiz.de/10010742219
literature on money. The approach taken here is integrated with Hyman Minsky’s (1986) work (which relies heavily on the work of …’s approach, which relies on accounting identities; the “K” distribution theory of Keynes, Michal Kalecki, Nicholas Kaldor, and …
Persistent link: https://www.econbiz.de/10008777085
and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in the …
Persistent link: https://www.econbiz.de/10008854456
analysis of the conception of business cycles developed by Minsky in his earliest work at the end of the 1950s. …
Persistent link: https://www.econbiz.de/10011122329
over investment). Minsky looked at a vibrant economy that, as a consequence of its high profit expectations, is dominated …According to this work, the ‘financial instability hypothesis’ is not an interpretation of The General Theory as Minsky … (1975, 1986) thought. Keynes and Minsky undoubtedly have much in common. Specifically, both of them recognize the limits of …
Persistent link: https://www.econbiz.de/10005465247
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010456951
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010402305
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010903480
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...
Persistent link: https://www.econbiz.de/10010292008
This paper addresses various attempts by so-called new Keynesians, writing mainly in the 1980s and 1990s, to strengthen the analytical basis, in particular the microeconomic foundations, of these assertions. What, exactly, have then the new Keynesians accomplished, and how should their...
Persistent link: https://www.econbiz.de/10010335193