S. Fujino

A Neo-Keynesian Theory of Inflation and Economic Growth

• Broschiertes Buch

Produktbeschreibung

'lhe PUIllooes of this study are to investigate processes of cyclical fluctuations, inflation and economic g:t'Oo'lth, and conComitantly, to relate the short-run analysis to the long-run analysis of the econaT\Y as far as feasible under the confines of this investigation. First of all, we shall present a theory of investnent in Chapter 1. We shall make evident defects included in the neo-classical theory of investnent, founded in particular by I. Fisher and a variant of which is the Keynesian version, by taking into account recent studies of investnent and by formulating a new theory of investnent. Its incorporatim into our dynamic analyses is one of the reasons why the theory developed in this study is referred to as Neo Keynesian. Brlefly, the theory is characterlzed by firm investnent being a function of the firm's expected stock of money, the expected marginal productivi ty of capital, and the expected rate of inflation (or the firm's subjective rate of real interest) .

Produktdetails

• Lecture Notes in Economics and Mathematical Systems 104
• Verlag: Springer / Springer Berlin Heidelberg / Springer, Berlin
• Artikelnr. des Verlages: 978-3-540-06964-5
• 1974.
• Seitenzahl: 108
• Erscheinungstermin: 23. Oktober 1974
• Englisch
• Abmessung: 244mm x 170mm x 7mm
• Gewicht: 201g
• ISBN-13: 9783540069645
• ISBN-10: 354006964X
• Artikelnr.: 26780356

Inhaltsangabe

General Introduction.- 1 A Theory of Investment.- 1. 1 Problems in the Neo-classical Theory of Investment.- 1. 2 Firm's Investment Function and Its Demand for Money Function.- 2 Basic Relations of a Neo-Keynesian Theory.- 2. 1 Towards A Neo-Keynesian Theory.- 2. 2 Basic Relationships of A Neo-Keynesian Theory.- 3 A Neo-Keynesian Theory of Growth Cycle.- 3. 1 A Model of Growth Cycle.- 3. 2 Technical Progress, Innovation and Growth Cycles.- 3. 3 Change in Money Supply and the Growth Cycle.- 3. 4 Growth Cycles and Movements of the Rate of Interest.- 4 A Neo-Keynesian Theory of Inflation.- 4. 1 On a Dynamic Analysis of Inflation.- 4. 2 Model of Employment Inflation.- 4. 3 Steady State Employment Inflation.- 4. 4 Stability of the First Phase (Case with ? 0).- 4. 5 Stability of the First Phase where ? = 0 and Second Phase.- 4. 6 Employment Inflation and Economic Policy..- 5 A Neo-Keynesian Theory of Monetary Growth.- 5. 1 Problems.- 5. 2 Model.- 5. 3 Steady State Economic Growth.- 5. 4 Stability.- 5. 5 Implications of Steady State.