Growth Theory

Roy Harrod

Chapter 8 in Money, 1969, pp 185-205 from Palgrave Macmillan

Abstract: Abstract We have found in Keynes the sketch of a monetary policy designed to ensure full employment. Problems have arisen about whether this is compatible with price stability also. It is alleged that the condition of full employment will cause a tendency for excessive wage increases. If so, this would entail rising prices, in accordance with the equation set out on p. 162. Keynes recognised that there was a problem here, but did not go deeply into the matter.

Keywords: Monetary Policy; Fiscal Policy; Natural Rate; Growth Theory; Full Employment (search for similar items in EconPapers)
Date: 1969
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15348-0_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349153480

DOI: 10.1007/978-1-349-15348-0_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().