Bank Mergers, Monopoly Power and Unemployment: A Monetary Circuit Approach

Guglielmo Forges Davanzati and Riccardo Realfonzo

Chapter 10 in The Monetary Theory of Production, 2005, pp 155-171 from Palgrave Macmillan

Abstract: Abstract In the present macroeconomic debate there is widespread agreement between neoclassical scholars and supporters of the standard Keynesian theory concerning the following points: (a) money supply is exogenous (depending on the autonomous decisions of the central banks); (b) money can be significant only where it is required for keeping a stock of liquid wealth; (c) income distribution reflects the marginal productivity of inputs.

Keywords: Interest Rate; Bargaining Power; Consumer Good; Banking Sector; Capital Good (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1057/9780230523074_11

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