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Growth, Employment and Inflation: Essays in Honour of John Cornwall
John Cornwall,Mark Setterfield
No preview available - 1999
aggregate demand analysis Arestis argued assumed assumptions Bank B2 Bank of Canada bank's behaviour Cambridge Canadian capital causal central bank money changes chapter consensus model debt determined domestic economists Edward Elgar effects empirical endogenous money equation equities exogenous expectations Federal Reserve fiat money financial markets Friedman growth rates households impact income increase inflation rate inflation target interbank investment IROP Keynes Lavoie liquidity loans long-run long-term bonds long-term rates macroeconomics Meltzer Minsky Minsky's monetary policy monetary theory money market money supply NAIRU natural rate NC model neoclassical nominal interest rates open economy overnight rate payment Phillips curve PK model post-Keynesian price level profits quantity theory rate of growth rate of inflation rate of interest rate of return real interest rate real rate result role Seccareccia Second Bank sector Setterfield settlement balances shock short-term Smithin stability Tobin transmission mechanism Treasury bills variables wages Wicksellian zero