Monetary Policy and Inequality : The Pasinetti Index

個数:
  • 予約

Monetary Policy and Inequality : The Pasinetti Index

  • 現在予約受付中です。出版後の入荷・発送となります。
    重要:表示されている発売日は予定となり、発売が延期、中止、生産限定品で商品確保ができないなどの理由により、ご注文をお取消しさせていただく場合がございます。予めご了承ください。

    ●3Dセキュア導入とクレジットカードによるお支払いについて
  • 【入荷遅延について】
    世界情勢の影響により、海外からお取り寄せとなる洋書・洋古書の入荷が、表示している標準的な納期よりも遅延する場合がございます。
    おそれいりますが、あらかじめご了承くださいますようお願い申し上げます。
  • ◆画像の表紙や帯等は実物とは異なる場合があります。
  • ◆ウェブストアでの洋書販売価格は、弊社店舗等での販売価格とは異なります。
    また、洋書販売価格は、ご注文確定時点での日本円価格となります。
    ご注文確定後に、同じ洋書の販売価格が変動しても、それは反映されません。
  • 製本 Hardcover:ハードカバー版/ページ数 172 p.
  • 言語 ENG
  • 商品コード 9781041173625

Full Description

This book explores the relationship between monetary policy and income (and wealth) distribution, a growing area of research in post-Keynesian and heterodox economics today. The interest actually goes back at least to Keynes, who in his Tract on Monetary Reform, discusses the effects of interest rates on income distribution — what has been called a 'rentier-first' monetary policy. This led Keynes, in the General Theory, to advocate for what he calls 'the euthanasia of the rentier.' For Keynes, monetary policy should be set at a low enough rate of interest as to maximize our collective ability to attain full employment. Joan Robinson further developed these ideas in her Accumulation of Capital (1956), examining the distributive nature of interest rates.

Within contemporary heterodox economics, this topic gained renewed attention in the late 1980s through influential papers by prominent post-Keynesians who highlighted concerns about how interest rate changes affect functional income distribution. This perspective places social class dynamics and class conflict at the center of monetary policy debates, challenging mainstream approaches that often overlook distributional consequences.

This book is an invaluable read for economics researchers, graduate students, and policy analysts of monetary theory, macroeconomics, political economy, income inequality, financial economics, and heterodox economic approaches.

The chapters in this book were originally published in Review of Political Economy.

Contents

Introduction - Monetary Policy and Income Distribution: The Pasinetti Index 1. Where do the Pasinetti Rule and the Pasinetti Index Come from? 2. Distributional Regimes in the US — The Pasinetti Index and the Monetary Policy Effects on Income Distribution 3. Monetary Policy and the Pasinetti Index: A Stock Flow Model for Latin American Economies 4. Revisiting the Pasinetti Index: Understanding Its Cyclical and Long-Term Features and Its Important Implications for Macroeconomic Policy 5. The Distributive Impact of Unconventional Monetary Policies: Old and New 6. The Pasinetti Index and the Rise of Inequality in the Age of Unconventional Monetary Policy in Japan 7. Monetary Policy and Income Distribution: Some Reflections on the Pasinetti Rule

最近チェックした商品