A Kalecki fable on debt and the monetary transmission mechanism. (April 2016)
- Record Type:
- Journal Article
- Title:
- A Kalecki fable on debt and the monetary transmission mechanism. (April 2016)
- Main Title:
- A Kalecki fable on debt and the monetary transmission mechanism
- Authors:
- Toporowski, Jan
- Abstract:
- Abstract : Kalecki explained debt resolution by means of a fable about monetary circulation between mutually indebted individuals. This note explains the context and some of the theoretical implications of the fable. These point to an asymmetry in monetary policy in which excessively tight monetary policy may restrict economic activity and force the resort to informal debt.
- Is Part Of:
- Review of Keynesian economics. Volume 4:Number 2(2016)
- Journal:
- Review of Keynesian economics
- Issue:
- Volume 4:Number 2(2016)
- Issue Display:
- Volume 4, Issue 2 (2016)
- Year:
- 2016
- Volume:
- 4
- Issue:
- 2
- Issue Sort Value:
- 2016-0004-0002-0000
- Page Start:
- 224
- Page End:
- 228
- Publication Date:
- 2016-04
- Subjects:
- Kalecki -- Keynes -- monetary policy -- debt
Keynesian economics -- Periodicals
330.15605 - Journal URLs:
- http://www.e-elgar.com/journals/journal_main.lasso?ref=ROKE ↗
- DOI:
- 10.4337/roke.2016.02.08 ↗
- Languages:
- English
- ISSNs:
- 2049-5323
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 24974.xml