Access

Open Access

Description

This collection includes:

  • Shaikh, A. (n.d.). [Handwritten folder label identifying contents as "Basic IS macro models": (1) Hicks; (2) Keynes/PK; (3) NC; (4) Harrod; (5) Marx; folder tab notation: "Macro IS models comparisons"]. Unpublished manuscript note. New School for Social Research.
  • Shaikh, A. (2009, December 03). [Handwritten working notes, 3 pages plus one additional formula page, titled "Basic macro models: IS/LM, PK, NC, Harrod, Marx, 12/3/09": comparative static and dynamic analysis of five macroeconomic frameworks across two cases (exogenous vs. endogenous money, fixed saving rate, u ≠ u_N); Model I (Hicks/IS-LM): exogenous money with fixed saving rate, paradox of thrift, LM shifts; Model II (Keynes/PK): endogenous money with fixed saving rate, third equation for interest rate determination via convention or banking, paradox of thrift under endogenous money; Model III (Harrod): endogenous money with fixed saving rate, short-run vs. long-run warranted growth rate, role of δ and R, questions on Harrod's position on endogenous money and interest rate; Model IV (NC): investment as fraction of potential output, interest rate set by monetary policy, consumption via permanent income hypothesis, inflation accelerator; Model V (Marx): endogenous money and lending, endogenous wage share, normal capacity utility in the long run, six-equation system, bank rate equalization principle; references to Jones (2009) at multiple points]. Unpublished manuscript note. New School for Social Research.

Download

Share

COinS