A Note on Dutt and Sen's (1997) Microfoundation for the Kalecki Model

フォーマット:

論文

責任表示:

Tanaka, Jumpei

言語:

英語

出版情報:

北九州市立大学経済学会, 2017-03

著者名:

Tanaka, Jumpei  

掲載情報:

商経論集

ISSN:

13472623      

巻:

52

通号:

1・2・3・4

開始ページ:

37

終了ページ:

42

概要:

Dutt and Sen (1997) constructed a monopolistic competition model with union bargaining to provide a rigorous microfoundation for the Kalecki model. They demonstrated that a change in the money stock impacts real variables, such as output, when the nominal level of the worker's reservation wage is exogenously given. We demonstrate, however, that when its real level is given, the neutrality of money revives, which means that the main feature of the … Keynes-Kalecki model no longer holds true. 続きを見る

URL:

http://id.nii.ac.jp/1077/00000500/