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Nominal income determination, financial assets and liabilities and fiscal policy

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  • Anyadike-Danes, Michael
  • Godley, Wynne

Abstract

This paper concentrates attention on the dynamics of income and expenditure determination which are seen to be the logicallynecessary counterpart of a portfolio adjustment process. The model constitutes a development of the New Cambridge hypothesis discussed in Fetherston and Godley (1978) and also Anyadike-Danes (1982).

Suggested Citation

  • Anyadike-Danes, Michael & Godley, Wynne, 1983. "Nominal income determination, financial assets and liabilities and fiscal policy," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 3(2), November.
    • Handle: RePEc:sbe:breart:v:3:y:1983:i:2:a:3152
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    File URL: https://periodicos.fgv.br/bre/article/view/3152
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    References listed on IDEAS

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    1. Purvis, Douglas D, 1978. "Dynamic Models of Portfolio Behavior: More on Pitfalls in Financial Model Building," American Economic Review, American Economic Association, vol. 68(3), pages 403-409, June.
    2. Blinder, Alan S. & Solow, Robert M., 1973. "Does fiscal policy matter?," Journal of Public Economics, Elsevier, vol. 2(4), pages 319-337.
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    Cited by:

    1. Angelis, L. & Bora-Senta, E. & Moyssiadis, C., 2001. "Optimal exact experimental designs with correlated errors through a simulated annealing algorithm," Computational Statistics & Data Analysis, Elsevier, vol. 37(3), pages 275-296, September.

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