The Review of Keynesian Studies
Online ISSN : 2435-6581
Articles
Some Microeconomics of Quantum Macroeconomics
Romar Correa
著者情報
キーワード: The Monetary Circuit
ジャーナル フリー

2020 年 2 巻 p. 175-190

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抄録

We explore the connections between the Treatise on Money by JM Keynes and the monetary macroeconomics of Bernard Schmitt. The link is shown to be the role of the bank. Secondly, we define a Keynes-Schmitt equilibrium without market clearing. We derive a comparative static result: an increase in the money wage raises the level of output. Finally, we provide a rendition of Keynes’ General Theory plan to determine the level of output as a whole.

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© 2020 The Keynes Society Japan
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