Santos, Claudio Hamilton Matos dos (contributor); … - 2007
” economy, the real value of physical capital is not
affected by inflation.
9
2.2 A Horizontal Aggregate …
unnecessary complications related to inflation accounting.
2.3 Aggregate Demand
2.3.1 A “Kaleckian SFC” Consumption Function … that getting from (7) to (8) implies an inflation correction on vh, which is simplified away in the current
model where …