MULTIPLIER PROCESS AND PRICE FLUCTUATIONS

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概要

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• In this note we consider a multiplier process with price fluctuations. By so doing we formulate a process of true inflation and semi-inflation in the sense of Keynes. In particular, we take account of investment in working capital, which is an important link between output and the price level as Keynes suggests. We derive the condition for fluctuation and convergence, and show the nature of movements of the variables by numerical examples.

• 慶應義塾大学の論文

著者

• Nishi Takashi

  Agricultural Economics The Kieo Economic Society Keio University

関連論文

• MULTIPLIER PROCESS AND PRICE FLUCTUATIONS

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