Artikel
Does Public Deficit Mean Inflation? A Reflection on the Kaleckian and Minskian Tradition
This paper analyses the determination of prices within a Kaleckian and Minskian framework. In the Minskian model, public deficit generates mark-up inflation, a result that resembles Neo-Keynesian models of growth. In the Kaleckian model, an increase in aggregate demand is not absorbed by inflated prices but by a higher utilisation of capacity. This paper discusses issues at the core of Post-Keynesian thought.
- Sprache
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Englisch
- Erschienen in
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Journal: Intervention. Zeitschrift fuer Ökonomie / Journal of Economics ; ISSN: 2195-3376 ; Volume: 03 ; Year: 2006 ; Issue: 1 ; Pages: 151-167
- Klassifikation
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Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
- Ereignis
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Geistige Schöpfung
- (wer)
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Tuñez-Area, Narciso
- Ereignis
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Veröffentlichung
- (wer)
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Metropolis-Verlag
- (wo)
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Marburg
- (wann)
-
2006
- DOI
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doi:10.4337/ejeep.2006.01.11
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Artikel
Beteiligte
- Tuñez-Area, Narciso
- Metropolis-Verlag
Entstanden
- 2006
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