The object of the paper is to offer further considerations on the nature and usefulness of Harrod’s concepts starting from a reexamination of some aspects of the discussion that took place between Harrod and Keynes. Indeed, there are implications of that discussion that have not been appropriately evaluated in particular with reference to the role played by expectations of demand growth, changes in the capital/output ratio induced by monetary policy, and finally the uniqueness of the warranted rate.
DI MATTEO, M. (2010). On harrod's model and instability once again. STUDI E NOTE DI ECONOMIA, XV, 161-171.
On harrod's model and instability once again
DI MATTEO, MASSIMO
2010-01-01
Abstract
The object of the paper is to offer further considerations on the nature and usefulness of Harrod’s concepts starting from a reexamination of some aspects of the discussion that took place between Harrod and Keynes. Indeed, there are implications of that discussion that have not been appropriately evaluated in particular with reference to the role played by expectations of demand growth, changes in the capital/output ratio induced by monetary policy, and finally the uniqueness of the warranted rate.
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https://hdl.handle.net/11365/23486
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