Does Public Deficit Mean Inflation? A Reflection on the Kaleckian and Minskian Tradition

This paper analyses the determination of prices within a Kaleckian and Minskian framework. In the Minskian model, public deficit generates mark-up inflation, a result that resembles Neo-Keynesian models of growth. In the Kaleckian model, an increase in aggregate demand is not absorbed by inflated prices but by higher utilization of capacity. This paper discusses issues at the core of Post- Keynesian thought

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Year of publication:	2020
Authors:	Túñez Area, Narciso
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Inflation \| Theorie \| Theory \| Haushaltsdefizit \| Budget deficit \| Postkeynesianismus \| Post-Keynesian economics \| Mark-up Pricing \| Mark-up pricing

Extent:	1 Online-Ressource (17 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Intervention, Vol. 3 (2006), No. 1, pp. 151 – 167 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 21, 2006 erstellt
Classification:	E12 - Keynes; Keynesian; Post-Keynesian
Source:	ECONIS - Online Catalogue of the ZBW

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