Arbeitspapier
The post-Keynesian "crowding-in" policy meme: Government-led semi-autonomous demand growth
A recent literature has explored the role of semi-autonomous demand growth. This paper builds on the literature by incorporating a Lernerian government semi-autonomous demand function and an endogenous supply-side. Our main purpose is threefold. First, we wish to contribute to the case for crowding-in effects, especially in the long-run. Second, we confirm the Keynesian/Kaleckian pedigree of the capital stock adjustment principle. Third, we contrast core post-Keynesian ideas on demand-led supply-side endogeneity with the alternative neo-Marxian neo-Harrodian proposition of an exogenously-given natural growth rate, and find the latter lacking.
- Sprache
-
Englisch
- Erschienen in
-
Series: FMM Working Paper ; No. 67
- Klassifikation
-
Wirtschaft
History of Economic Thought: Macroeconomics
Current Heterodox Approaches: General
General Aggregative Models: Marxian; Sraffian; Kaleckian
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Monetary Growth Models
- Thema
-
Fiscal policy
Crowding-in
Semi-autonomous demand
Capital stock adjustment principle
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fiebiger, Brett
- Ereignis
-
Veröffentlichung
- (wer)
-
Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM)
- (wo)
-
Düsseldorf
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fiebiger, Brett
- Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM)
Entstanden
- 2021
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