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Título:
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Capital accumulation, technical progress and wage flexibility : Keynes'approach to aggregate supply and demand analysis revisited
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Autores:
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Palacio Vera, Alfonso
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Tipo de documento:
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texto impreso
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Editorial:
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Facultad de Ciencias Económicas y Empresariales, Universidad Complutense de Madrid, 2003
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Dimensiones:
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application/pdf
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Nota general:
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cc_by_nc_sa
info:eu-repo/semantics/openAccess
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Idiomas:
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Palabras clave:
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Estado = Publicado
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Materia = Ciencias Sociales: Economía: Dinero
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Tipo = Documento de trabajo o Informe técnico
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Resumen:
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The aggregate supply and demand model (AS-AD) posited by Keynes in the General Theory and elaborated by Weintraub and Davidson is analysed by inserting a CES production function. We perform a comparative statics analysis where the effects on the equilibrium level of employment and the price level of changes in a wide range of variables and parameters are worked out. The effect of changes in the money wage rate on the level of employment and the price level are found to be ambiguous. Finally, we argue that this approach provides a more consistent approach than conventional AS-AD analysis does.
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En línea:
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https://eprints.ucm.es/id/eprint/6815/1/0312.pdf
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