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Título del libro: Keynesian Reflections: Effective Demand, Money, Finance, And Policies In The Crisis
Título del capítulo: Keynes, Kalecki, and the Real World

Autores UNAM:
JULIO LOPEZ GALLARDO;
Autores externos:
Idioma:
Inglés
Año de publicación:
2013
Palabras clave:

Fiscal policy; Income distribution-unemployment-full-employment mechanism-effective demand; Keynes-Kalecki view; Macroeconomics; Monetary policy

Resumen:

Keynes and Kalecki rejected the full-employment mechanism envisioned by the economic orthodoxy. Therefore, they proposed that fiscal and monetary policies could, and should be implemented to bring about full employment. This chapter takes the Keynes-Kalecki view of macroeconomics to the data, using modern econometric techniques. The author first explores the effects of changes in income distribution on the level of output and employment. He then considers if macroeconomic policies do exert a lasting influence on those same variables. It is shown that these polices do influence effective demand, both in the short and in the long run. On the other hand, the author finds that the shift from wages to profits ensuing from unemployment, instead of stimulating demand and output as per the conventional view, depresses them both. © Oxford University Press, 2015. All rights reserved.

Entidades citadas de la UNAM:
Fuente:


ISBN:
9780199082506
Editorial:
Oxford University Press Nombre de la publicación:
Keynes, Kalecki, and the Real World
Página inicial:

Página final:

Tipo de producto:
Capítulo de un Libro



DOI:
10.1093/acprof:oso/9780198092117.003.0003