 Capital Theory and Inflation an Heterodox ApproachJ.G. Loranger Cahiers de recherche from Universite de Montreal, Departement de sciences economiques Abstract: This Paper Is Aimed At Making the Linkage Between on One Hand Fisher Macroeconomic Equation and the Circuit of Capital And, on the Other Hand, the Feed Back Effect of a Disequilibrium in the Circuit to the Price, Interest Rate and Exchange Rate Varaibles. the Paper Is Divided Into Five Parts. in the First Part, a Link Between the Price Level and the Exchange Rate in the Quantitative Equation Is Established. by a Reversal of Causality, a First Formulation of the Qualitative Theory of Money Is Derived From the Circuit of Value Obtained From the Fisher Equation. the Second Part Is Exclusively Devoted to the Construction of a Four Equation Macrodynamic Model of the Circuit of Capital with Credit Money Or Finance. in the Third Part We Examine Some Specific Problems Related to the Measurement of a Disequilibrium Variable in the Circuit, Namely the Value of a Crisis Parameter. in the Fourth Part, the Markup Approach to Inflation Is Linked to the Four Equation Model of the Circuit of Capital. Finally, the Last Part Is a Mathematical Appendix Showing the Relevance of Distributed Lag Functions in the Various Phases of the Circuit of Capital. Keywords: Catal Costs; Exchange Rate; Prices; Interest Rate; Catal Movements (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:8716a Access Statistics for this paper More papers in Cahiers de recherche from Universite de Montreal, Departement de sciences economiques Contact information at EDIRC. |
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