Does Public Deficit Mean Inflation? A Reflection on the Kaleckian and Minskian Tradition

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Intervention. Zeitschrift fuer Ökonomie / Journal of Economics ; ISSN: 2195-3376 ; Volume: 03 ; Year: 2006 ; Issue: 1 ; Pages: 151-167

Classification and Topics

• Classification: Wirtschaft ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Tuñez-Area, Narciso
• Event: Veröffentlichung
• (who): Metropolis-Verlag
• (where): Marburg
• (when): 2006

Further information

• DOI: doi:10.4337/ejeep.2006.01.11
• Handle: http://hdl.handle.net/10419/277069
• Last update: 10.03.2025, 11:42 AM CET