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Interest Rates/Keynesianism: In Post-Keynesian models in the tradition of Keynes (1) and Kalecki (2) it is often assumed that interest rates will have little influence on demand for goods in the real economy. In particular, there is skepticism about the interest rate response of investment demand. However, monetary policy is regarded as relevant to distribution policy because it is also assumed to have an influence on long-term interest rates and thus on the income generation of asset owners.
1. J. M. Keynes, The general theory of employment, interest and money. London 1936
2. Michal Kalecki, In Collected works of Michal Kalecki, Hrsg. Jerzy Osyatinski. Oxford 1973._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018