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dc.contributor.authorDalziel, Paul C.en
dc.date.accessioned2009-04-07T23:28:41Z
dc.date.issued1996-01en
dc.identifier.issn1173-0854en
dc.identifier.urihttps://hdl.handle.net/10182/975
dc.description.abstractThis paper presents a model of inflation that is generated by an excess supply of credit-money without any money base impulse from government. Instead, inflation turns out to depend on just three variables: the marginal debt-capital ratio of firms, the money-wealth ratio of households and the economy’s supply-side growth rate. The model is a standard equilibrium model of the money market presented within a process analysis framework based on the Keynesian investment saving identity and Keynes’s concept of the revolving fund of investment finance. The paper concludes with a discussion of the model’s implications for further research and policy development.en
dc.language.isoenen
dc.publisherLincoln University. Commerce Division.en
dc.relationThe original publication is available from - Lincoln University. Commerce Division.en
dc.subjectKeynesian theoryen
dc.subjectmonetary policyen
dc.subjectinterest ratesen
dc.subjectfinancial analysisen
dc.subjecteconomic conditionsen
dc.subjecteconometric modelsen
dc.subjectfinancial marketen
dc.subjectfinance theoryen
dc.titleA Keynesian theory of monetary inflation without governmenten
dc.typeDiscussion Paper
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340203 Finance economicsen
dc.subject.marsdenFields of Research::340000 Economics::340200 Applied Economics::340202 Environment and resource economicsen
dc.subject.marsdenFields of Research::340000 Economics::340400 Econometrics::340401 Economic models and forecastingen
lu.contributor.unitLincoln Universityen
lu.contributor.unitAgribusiness and Economics Research Uniten
pubs.notesA paper presented at The Royal Economic Society Annual Conference, Swansea, April 1-4, 1996.en
pubs.organisational-group/LU
pubs.organisational-group/LU/Agribusiness & Economics Research Unit
pubs.organisational-group/LU/Research Management Office
pubs.organisational-group/LU/Research Management Office/QE18
pubs.publication-statusPublisheden
lu.identifier.orcid0000-0002-1757-6888


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