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An interpretation of the Kalecki price equation

Afonso Ferreira

Brazilian Journal of Political Economy, 1991, vol. 11, issue 2, 174-182

Abstract: The purpose of this note is to discuss the linear version of Kalecki’s price equation. First, the pertinence of the restrictions imposed by Kalecki to the value of the parameters of the equation is examined. Then, the economic meaning of these parameters is made explicit. Fi-nally, in the light of the previous discussion, a reinterpretation of the Kaleckian price equation is suggested. JEL Classification: D40; D47

Keywords: Price composition; mark-up (search for similar items in EconPapers)
Date: 1991
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