Bedrock in the money wage - money supply inflation controversy
The article reviews the different views on the causes of inflation between the two leading macroeconomic paradigms - the Monetarist and the post Keynesian. By analysing the explicit and implicit assumptions underlying the two approaches, the author concludes that a full employment policy compatible...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2013-11-01
|
| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11056 |
| Summary: | The article reviews the different views on the causes of inflation between the two leading macroeconomic paradigms - the Monetarist and the post Keynesian. By analysing the explicit and implicit assumptions underlying the two approaches, the author concludes that a full employment policy compatible with stable prices requires the synchronisation of both monetary and income policy.
JEL: E31, E12, E13
|
|---|---|
| ISSN: | 2037-3635 2037-3643 |