Macroeconomía keynesiana de la determinación de los niveles de producción y empleo

Félix Jiménez

No 1999-166, Documentos de Trabajo / Working Papers from Departamento de Economía - Pontificia Universidad Católica del Perú

Abstract: Different keynesian models of output and employment determination are examined in this essay: from simple keynesian model to models with social classes and two and three economic sectors. The last ones belong to Kalecki, Kaldor, Pasinetti and Nell. In all of these models the principle of effective demand is corroborated: if there is a local producer sector of capital goods, investment creates its own saving through the multiplier. Capitalists get what they spend while workers spend what they get. Several basic concepts are analyzed in this essay: aggregate demand and aggregate supply, different approaches to consumption, the marginal efficiency of capital, Tobin´s q, acceleration principle, and cycles related to the accelerator and the multiplier.

Pages: 88 pages
Date: 1999
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