On Keynesian Underemployment, Prices, and Wealth Effects of Government Debt

Robert Eisner

Chapter 8 in Money, Credit and Prices in Keynesian Perspective, 1989, pp 162-169 from Palgrave Macmillan

Abstract: Abstract The role of prices in the Keynesian system has long and frequently been misperceived; contemporary coexistence of inflation and unem-ployment has induced repudiation of Keynesian diagnoses and prescriptions. A re-examination of certain critical effects of flexible wages and prices and changing levels of prices is in order.

Keywords: Interest Rate; Fiscal Policy; Budget Deficit; Full Employment; Wealth Effect (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20117-4_8

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DOI: 10.1007/978-1-349-20117-4_8

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