Fatores monetários em Hicks e sua influência no debate Harrod-Solow

PAULO BRIGANTE

doi:10.4025/econrev.v31i2.62037

PAULO BRIGANTE Universidade Estadual Paulista

DOI: https://doi.org/10.4025/econrev.v31i2.62037

Keywords: interest rate; Harrod; Hicks; natural rate; guaranteed rate; growth models

Abstract

Based on the debate on the theory of economic growth on the problem of balanced growth at full employment, inaugurated by Harrod (1939;1948) and followed by Solow (1956), this article aims to analyze how the behavior of the interest rate affects the solution. of balanced growth, according to the Keynesian arguments. For this, it relies on the contribution of Hicks (1950). Constructive and theoretical aspects present in this author's model allowed us to understand how monetary imbalances threaten equilibrium conditions, in particular, the equality between the natural rate and the guaranteed rate, in addition to aggravating the potential for instability in the system.

Downloads

Download data is not yet available.

References

CHICK, V. Macroeconomia após Keynes: um reexame da teoria geral. Forense Universitária., 1993.
DOMAR, E. D. Capital Expansion, Rate of Growth, and Employment. Econometrica, v. 14, n. 2, p. 137–147, 1946. Disponível em: https://www.jstor.org/stable/1905364
EISNER, R. On Growth Models and the Neo-Classical Resurgence. The Economic Journal, v. 68, n. 272, p. 707–721, 1958. Disponível em:
HAHN, F. H.; MATTHEWS, R. C. The theory of economic growth: a survey. Surveys of economic theory, p. 1–124, 1965.
HARROD, R. F. Trade cycle. An essay. Oxford University Press, London, 1936.
HARROD, R. F. Towards a Dynamic Economics: Some recent developments of economic theory and their application to policy. MacMillan and Company, London, 1948.
HARROD, R. F. Second essay in dynamic theory. The Economic Journal, p. 277–293, 1960. Disponível em: http://piketty.pse.ens.fr/fichiers/enseig/ecoineg/articl/Harrod1960.pdf
HICKS, J. A contribution to the theory of the trade cycle. Oxford: Clarendon Press, 1950.
HICKS, J. “IS-LM”: An Explanation. Journal of Post Keynesian Economics, v. 3, n. 2, p. 139–154, 1980. Disponível em: https://www.jstor.org/stable/4537583
JONES, C.; VOLLRATH, D. Introdução à Teoria do Crescimento Econômico. [s.l.] Elsevier Brasil, 2016.
JONES, H. G. Introducción a las teorías modernas del crecimiento económico. [s.l: s.n.].
KEYNES, J. M. Teoria Geral do Emprego do Juro e da Moeda. Série Os EconomistasSão Paulo: Editora Nova Cultural, , 1936.
MATTHEWS, RCO, R. C. Ciclo Económico. Boletín de Estudios Económicos, v. 22, p. 519, 1966.
ROBINSON, J. Essays in the theory of economic growth. Springer, 1965.
SOLOW, R. M. A contribution to the theory of economic growth. The quarterly journal of economics, v. 70, n. 1, p. 65–94, 1956. Disponível em: https://www.jstor.org/stable/1884513?seq=1#metadata_info_tab_contents
TOBIN, J.. Journal of Political Economy, v. 63, n. 2, p. 103–115, 1955. A Dynamic Aggregative Model. Disponível em: https://www.jstor.org/stable/1827046?seq=1#metadata_info_tab_contents