A Genuine Keynesian Growth Cycle

Hukukane Nikaido

Chapter 12 in Equilibrium and Dynamics, 1992, pp 247-258 from Palgrave Macmillan

Abstract: Abstract Monetarists Mark I believe that the capitalist economy is by nature well-behaved, well-workable and stable, unless disturbances from outside — including, naturally, government interventions — are injected into the economy. The economy is equipped with certain filters which work, though not instantly, but gradually and steadily, and are capable of making the effects of disturbances from outside eventually die out.

Keywords: Business Cycle; Growth Cycle; Capitalist Economy; Full Employment; Periodic Trajectory (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11696-6_12

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DOI: 10.1007/978-1-349-11696-6_12

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