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dc.contributor.authorHartwig, Jochenen_US
dc.date.accessioned2011-11-01T13:38:09Z-
dc.date.available2011-11-01T13:38:09Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/50880-
dc.description.abstractThe conventional wisdom about Keynes's Principle of Effective Demand is that it states something about quantities. It is widely held that the Principle determines the levels of output and employment in a world not governed by Say's Law. This paper argues that the Principle of Effective Demand goes beyond this to explain not only real activity levels but also the aggregate price level. A variant of the Post Keynesian D/Z-model is brought together with Marxian reproduction schemes to derive this result.en_US
dc.language.isoengen_US
dc.publisherKOF Zürichen_US
dc.relation.ispartofseriesArbeitspapiere // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 95en_US
dc.subject.jelB14en_US
dc.subject.jelB22en_US
dc.subject.jelE20en_US
dc.subject.jelE31en_US
dc.subject.ddc330en_US
dc.subject.keywordEffective demanden_US
dc.subject.keywordmultiplieren_US
dc.subject.keywordPost Keynesianismen_US
dc.subject.keywordD/Z-modelen_US
dc.subject.keywordreproduction schemesen_US
dc.subject.stwGesamtwirtschaftliche Nachfrageen_US
dc.subject.stwMultiplikatoren_US
dc.subject.stwPreisniveauen_US
dc.subject.stwPostkeynesianismusen_US
dc.subject.stwTheorieen_US
dc.titleExplaining the aggregate price level with Keynes's principle of effective demanden_US
dc.typeWorking Paperen_US
dc.identifier.ppn477409466en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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