|
Showing 1 - 3 of
3 matches in All Departments
This book investigates, from a Keynesian perspective, the
interaction of effective demand with the wage-price spiral, the
dependence of goods market outcomes on financial markets, and the
impact of monetary policy on financial and real markets. These
issues are discussed by way of rigorously formulated approaches
that lay foundations for a theory of endogenously generated
business fluctuations.
The material is presented on three levels of generality: an
introductory level that motivates the theoretical approach, a
research-oriented level that shows how the interaction of real with
financial markets has to be modeled from an integrative Keynesian
perspective, and an advanced textbook level that extends the
traditional Keynesian approach to open economies. The main findings
indicate that balanced growth in capitalist economies is unlikely
due to changes in behavioral factors that drive the wage-price
spiral and the financial markets.
This book is essential reading for advanced level macroeconomic
modules and for those interested in both traditional macroeconomics
and the dominant neoclassical approach of the New Keynesians.
This book extends the KMG framework (Keynes, Meltzer, Goodwin) and
focuses on financial issues. It integrates Tobin's macroeconomic
portfolio approach and emphasizes the issue of stock-flow
consistency.
|
You may like...
Higher
Michael Buble
CD
(1)
R165
R138
Discovery Miles 1 380
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.