2026-03-06T02:50:05Z https://kitakyu.repo.nii.ac.jp/oai

oai:kitakyu.repo.nii.ac.jp:00000554 2024-04-10T11:43:44Z 12:2:158

A Note on Dutt and Sen's (1997) Microfoundation for the Kalecki Model Tanaka, Jumpei monopolistic competition labor union neutrality of money Kalecki microfoundation Dutt and Sen (1997) constructed a monopolistic competition model with union bargaining to provide a rigorous microfoundation for the Kalecki model. They demonstrated that a change in the money stock impacts real variables, such as output, when the nominal level of the worker's reservation wage is exogenously given. We demonstrate, however, that when its real level is given, the neutrality of money revives, which means that the main feature of the Keynes-Kalecki model no longer holds true. 北九州市立大学経済学会 2017-03 eng departmental bulletin paper https://kitakyu.repo.nii.ac.jp/records/554 AA11572872 13472623 商経論集 52 1・2・3・4 37 42 https://kitakyu.repo.nii.ac.jp/record/554/files/(SR00521234TJ)田中淳平p.37～p.42.pdf application/pdf 3.4 MB 2017-04-14