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Bank Mergers, Monopoly Power and Unemployment: A Monetary Circuit Approach

  • Guglielmo Forges Davanzati
  • Riccardo Realfonzo

Abstract

In the present macroeconomic debate there is widespread agreement between neoclassical scholars and supporters of the standard Keynesian theory concerning the following points:
  1. (a)

    money supply is exogenous (depending on the autonomous decisions of the central banks);

     
  2. (b)

    money can be significant only where it is required for keeping a stock of liquid wealth;

     
  3. (c)

    income distribution reflects the marginal productivity of inputs.

     

Keywords

Interest Rate Bargaining Power Consumer Good Banking Sector Capital Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Guglielmo Forges Davanzati and Riccardo Realfonzo 2005

Authors and Affiliations

  • Guglielmo Forges Davanzati
  • Riccardo Realfonzo

There are no affiliations available

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