money macroeconomics and keynes essays in honour of victoria chick volume 1 phần 10 pptx

... stock of money in excess of the demand for money leads to the bidding up of prices as the ‘excess’ money is spent, continuing until the demand for money is again in balance with thestock of money. ... qualified aggregate profits as the final finance of investment initiallyfinanced by credit. I am now convinced of the infelicitous nature of the distinc-tion between initial and final finance. There ... Money and the Demand forDeposits: A Reply’, Cambridge Journal of Economics, 23, 11 5 19 .Bank of England (19 99). Economic Models at the Bank of England. London: Bank of England. Chick, V. (19 73)....

... and Floods’, in A. Ingham and A. M. Ulph (eds), Demand, Equilibrium and Trade: Essays in Honour of Ivor F. Pearce. London: Macmillan. (Reprinted in Arestis and Dow 19 92: 16 7–80). Chick, V. (19 92). ... Maturity mismatching, finance and fundingFinancing investment in the context of fundamental uncertaintyThe problem of maturity mismatching (in the process of investment finance in monetary production ... view. In a 19 78 paper entitled ‘Keynesians, Monetarists and Keynes: The End of the Debate – or a Beginning?’ (reprinted as chapter 6 in Chick 19 92), Chick took up the issue of contrasting Keynesian,...

... to admitting the demand for finance as one of the factorsinfluencing the rate of interest.’ (Keynes 19 37a: 247/8). We should keep in mind how Keynes defined finance, as shown above. 12 While ... future.References Chick, V. (19 92). In P. Arestis and S. C. Dow (eds), On Money, Method and Keynes: Selected Essays. New York: St. Martin’s Press. Chick, V. (19 98). ‘Finance and Investment in the Context of ... 1. Obtaining a loan before making the investment expenditure. 2. Expenditure of the proceeds of the loan. 3. Establishing the permanent holding of the investment in question. (Chick 19 92: 17 1,...

... to Ohlin in April 19 37 aboutJoan Robinson reading the proofs and ‘not discovering any connection’ (Keynes 19 37 [19 73b]: 19 0). Not that Keynes was unappreciative of the writings of Kahn and Joan ... theory of money person in his discussions of the generalprice level and inflation and deflation, and a Marshallian, pure and simple, in hisunderstanding of the formation of relative prices in general, ... counterparts’. Originally published in 19 73, althoughearly drafts were written by 19 68 (Chick 19 92: 55). A condensed version is reprintedas Paper 5 in Chick (19 92). 11 Chick in correspondence...

... of interest, falling profitability and rising unemployment in the 19 70s. Inflation has since come down again, real interestrates increased in the early 19 80s and have remained positive, profitability ... persistent theme in thework of Victoria Chick (e.g. 19 83, 2000). For example, there is a definitive expo-sition of Keynes s (19 36) use of demand and supply analysis in Chick (19 83:62– 81) . The author ... he incurs is the loss of liquidity.5A remark made by Keynes in writing in 19 37 is illuminating: ‘The function of the rate of interest is to mod-ify the money prices of other capital assets in...

... CURVE 16 9as one of the factors determining output and employment. In other words, anincrease in demand, which is not offset by a compensating shift in supply, willnow cause an increase in output ... Sraffian Interpretation of the Surplus Approach’, History of Political Economy, 31, 213 –36.Boulding, K. E. (19 41) . Economic Analysis. Harper.Brown, A. W. (19 55). The Great Inflation 19 39 19 51. Oxford: ... thePhillips machine!3 This point was made clear in the 19 78 volume of essays in honour of the memory of A. W. H. Phillips (Bergstrom et al. 19 78) but is made even more forcibly in the recentLeeson...

... Liederman, L. and Reinhart, C. M. (19 96). ‘Inflows of Capital to DevelopingCountries in the 19 90’s’, Journal of Economic Perspectives, 10 (2), 12 3–39.Carvalho, F. (19 95/6). ‘The Independence of Central ... importance of capital movements in cushioning,stimulating and even dominating the balance of payments (Triffin 19 69: 43).3. The liquidity preference of foreign and local financial investorsAn ... Journal, 51( 3), 380–406. Chick, V. (19 83b). Macroeconomics after Keynes. London: Philip Allen. Chick, V. (19 92). In P. Arestis and S. C. Dow (eds), On Money, Method and Keynes, Selected Essays. ...