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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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:11:y:1991:i:2:p:174-182:id:1457
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