Philosophy Dictionary of ArgumentsHome
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| Interest rates: Interest rates represent the cost of borrowing money or the return on invested funds over a specified time, usually expressed as a percentage. They influence borrowing and saving decisions, impacting economic activities like loans, mortgages, and savings accounts, set by central banks or influenced by market forces like supply and demand. See also Central Bank, Economy, Supply, Demand, Markets._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Michal Kalecki on Interest Rates - Dictionary of Arguments
Mause I 225 Interest Rates/Kalecki: 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. In the so-called investment trap, changes in interest rates have no influence on investment demand. The possibility of a so-called fine-tuning of the economy by monetary policy is therefore viewed with skepticism. Rather, fiscal policy is seen as playing an important role in stabilising economic development. >J.M. Keynes, >M. Kalecki, >Economic cycle, >Investment trap, >Monetary policy. 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. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconKale I Michal Kalecki The political aspects of full employment Oxford 1973 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Kalecki
> Counter arguments in relation to Interest Rates
Ed. Martin Schulz, access date 2024-04-27