Economic Theory Commons^™

Folder On Inflation - 3 (Money And Gold), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Notes to Ernest on "Marx's Theory of Value and the Transformation Problem" [Twelve-page handwritten response discussing gold as money, profit-rate equalization, prices, and the transformation problem]. (1981, June).
• Shaikh, A. (1996, February 23). Regulation of Price Level by Gold Sector [Two-page unpublished memorandum explaining how gold-sector profitability and marginal mining validate, rather than regulate, the general price level].
• Shaikh, A. Comments to Alfredo on the role of gold [Typed note distinguishing commodity money's role in international circulation from claims that gold directly determines the price level]. (n.d.).
• Cumulative expenditure gap of inflation [Handwritten one-page derivation of investment …

Folder On Inflation - 1, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figure 1: Inflation rate vs. beta [Statistical chart comparing inflation with changes in bank credit to the public sector as a share of GDP]. (n.d.).
• U.S. and Argentina: Credit growth and real-output growth [Chart packet comparing credit growth with real-output growth in the United States and Argentina]. (n.d.).
• Shaikh, A. (2006, March 16). ECMs with non-stationary variables [Four-page annotated technical note on long-run relations, stationarity, and error-correction models].
• Draft class: IFS data and ARDL/ECM strategy [Five-page handwritten notes on IFS variables, structural breaks, long-run estimation, and model selection]. (2006, October 2).
• IFS data definitions and model specification …

Circuit Theory + Paradox Of Profit, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2004, March 17). Reproduction in Marx and circuitist tradition [Handwritten notes addressed to Gennaro Zezza]. Unpublished manuscript.

• Shaikh, A. (2004, March 17). More on circuitists and bank credit [Letter to Gennaro Zezza, including embedded email from Zezza]. Unpublished manuscript.

• Shaikh, A. (2004, March 12). Comments on circuitist models [Comments addressed to Gennaro Zezza]. Unpublished manuscript.

• Zezza, G. (n.d.). Some simple, consistent models of the monetary circuit [Unpublished paper]. Unpublished manuscript.

Classical Accumulation Analysis, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Classical accumulation analysis [Title page]. (1987, August).

• Shaikh, A. (n.d.). Classical model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1988, February 23). Slow adjustment with limit cycle [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1988, February 28). Shape of cost curves and profit margin [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., & Milberg, W. (2000, Spring). Lectures on growth theory for Economics 105 [Course lectures]. Unpublished manuscript.

• Shaikh, A. (2004, May 18). Simple dynamic Keynesian model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, October 18). RAL and FROP connection [Handwritten notes]. Unpublished manuscript. …

Dynamics Of Growth With Endogenous Savings, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Dynamics of growth with endogenous savings [Folder]. Includes “Pollin’s point.”

• Shaikh, A., PhD. (2003, November 21). Firm’s budget constraint [Handwritten notes].

• Shaikh, A., PhD. (2003, November 19). The problem of SR equil in a growing eco [Handwritten notes].

• Shaikh, A., PhD. (2003, November 21). Household & business savings rates [Handwritten notes].

• Shaikh, A. (2003, December). Business savings and the business cycle [Typed graphs].

• Shaikh, A., PhD. (2004, January 16). Notes on private expenditure, income, and the Ruggles and Godley hypotheses [Handwritten notes].

• Shaikh, A., PhD. (n.d.). The …

Production, Prices, And Profits, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2004). Production, prices and profit (Unpublished manuscript).
• Shaikh, A. (2004). Wageprices (Unpublished manuscript).
• Shaikh, A. (2004). Foreign profits (Unpublished manuscript).

Two Routes To Effective Demand Comment On Kregel, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Garegnani, P.. (2024). Two routes to effective demand: comment on Kregel. In Capital Theory, the Surplus Approach, and Effective Demand: An Alternative Framework for the Analysis of Value, Distribution and Output Levels (pp. 435-444). Cham: Springer International Publishing.

• Harcourt, G. C. (n.d.). Keynes’s college bursar view of investment: Comment on Kregel [Unpublished manuscript].

Modern Macro, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Taylor, J. B. (2000). Teaching modern macroeconomics at the principles level. The American Economic Review, 90(2), 90–94. American Economic Association (22-28_Mode... pp. 2, 7).
• Shaikh, A. (n.d.). Notes on Alvaro Cencini and macro school models (Handwritten notes) (22-28_Mode... p. 8).
• De Vroey, M., & Hoover, K. D. (2004). Introduction: Seven decades of the IS-LM model. History of Political Economy, 36(Suppl. 1), 1–11. Duke University Press (22-28_Mode... pp. 9-10).
• Cencini, A. (n.d.). Neoclassical, new classical and new business cycle economics: A critical survey (Unpublished manuscript) (22-28_Mode... p. 21).

Econ 205 New Stock Flow, Budget Restraints, Walra's Law, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1990, April 12). Keynes and Kalecki on finance and investment [Unpublished manuscript with attached post-it note from Ramesh to Anwar Shaikh]. Unpublished manuscript.

• Shaikh, A. (1985, December 17). Money and commodity circulation in simple reproduction [Handwritten diagram for Eco 204]. Unpublished manuscript.

• Shaikh, A. (2003, December 15). Structure of Godley’s basic ex ante model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1990, April 6). Banks, credit, and currency (citing Moore, 1988) [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2002, March 5). Ex ante and ex post stock-flow accounts [Typed course notes for …

Interest Rates + Prices, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Woodford, M. (2003). The return of monetary rules (Chap. 1) [Excerpt; photocopy]. In Interest and prices: Foundations of a theory of monetary policy (pp. xxx–xxx). Princeton, NJ: Princeton University Press.

Growth, Expectation, Stability, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Growth, expectation, stability [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, December 1). Excess demand, profit, and retained earning measures [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, December 30). Definition of excess demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2003, October 29). Problem of stability in the classical model [Unpublished notes]. Unpublished manuscript.

• Chapter 16: Instability in the private economy: Investment (pp. 522–543) [Textbook chapter pages]. (n.d.).

• Gordon, R. A. (1955, February). Investment behavior and business cycles. The Review of Economics and Statistics.

• Shaikh, A. (2003, November …

Basic Models Of Demand And Growth, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2002, November 18). Basic models of demand and growth [Unpublished manuscript].

• Shaikh, A. (2001, June 18). What determines the level of output in various theoretical approaches (classical vs. demand-driven)? [Unpublished manuscript].

• Shaikh, A. (n.d.). Kaldor growth model (Gandolfo) [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2001, June 13). How can data be used to address the difference between K/K and Harrod? What is the essential theoretical difference? [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Stability of private expenditure rate [Handwritten notes on Roosevelt Hotel stationery]. Unpublished manuscript.

• Shaikh, A. (n.d.). …

Inflation, Argentine, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. May 30, 2002. Inflation dynamics and the thruput ratio [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. May 30, 2002. Testing inflation theory on US data [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. May 28, 2002. Testing our inflation theory for Argentina [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Martin. May 27, 2002. First comments on inflation dynamics – Argentina's case [Unpublished manuscript]. Department of Economics, New School for Social Research.

Granger-Causality Between Monetary Aggregates And Sectoral Production In Malaysia, Kay Choy Wan

Student Works (2000-2009)

The main purpose of this study is to empirically assess the distributional impact of financial variables using Malaysian quarterly data. The rationale for pursuing this objective is to identify the possible transmission channels of the financial variables with respect to the sectoral production and its underlying causal. The study employing the methodology of Azali and Habibullah (2000) in using the MWALD test for testing Granger non-causality (Toda Yamamoto, 199 5) was constructed using Seemingly Unrelated Regressions (SUR). The Augmented Dickey­Fuller (ADF) and Phillip-Perron (PP) unit root test procedures Johansen and Juselius (1990) cointegration test and the Toda and Yamamoto (1995) …

An Econometric Analysis Of The Relationship Between Public Expenditure And National Income In Malaysia, Yin Wai Tung

Student Works (2000-2009)

The purpose of this study is to analyse public expenditure growth in Malaysia for the period of 1970-2000. This paper investigates the existence of a long-run relationship between national income and various categories of public expenditure as proposed by Wagner's Law. In Wagner's framework, public expenditure can be treated as an endogenous factor that suggests that public expenditure grows as a result of growth in national income. Causality is expected to run from national income to public expenditure. This contradicts the famous Keynesian doctrine that treats public expenditure as an exogenous factor. As opposed to Wagner's Law, it implies that …

A Monetary Analysis Of The Indonesian Economy, Elisabet Siahaan

Student Works (2000-2009)

This study is about monetary economic in Indonesia. There are three main topics on this study. First topic is about development of monetary economic in Indonesia. Second topic is about monetary policy in Indonesia. The third topic is about money supply in Indonesia. The period of this study is 1980-1999. The first topic provides a brief overview of the Indonesian monetary development, covers the three distinct periods of monetary experiences and financial regimes. The main period are pre-reform (pre-1983 ), post-reform (post 1983) and financial crisis(1997-1999). Second topic is about monetary policy in Indonesia. Indonesia's mam economic concern is development. …

How Do Forecasts Respond To Changes In Monetary Policy?, Laurence Ball, Dean D. Croushore

Economics Faculty Publications

Just as changes in atmospheric conditions affect weather forecasts, changes in monetary policy affect economic forecasts. When monetary policy shifts, forecasters change their predictions about growth and inflation. But does the economy change to the same extent that forecasts do? In this article, Laurence Ball and Dean Croushore examine forecasts from the Survey of Professional Forecasters to determine if forecasts and the economy respond in tandem or if there are significant differences.

Financial Small-Scale Business Under The New Cbn Directive And Its Likely Impact On Industrial Growth Of The Nigerian Economy., O. J. Nnanna

Bullion

This examines the prospects of the current drive to ensure efficient and sustainable credit delivery system to the SSls. The rest of the paper is divided into three broad sections. The first section reviews and appraises past financing programmes / schemes, highlighting the major constraints on their performance. The current initiative of the Bankers' Committee is discussed in section two, focusing on its likely impact and underscoring the needed complementary policy measures. Section three summa-rises and concludes the paper.

Dirty Money, Gabriele Camera

Economics Faculty Articles and Research

An inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a search-theoretic model where individuals choose legal or illegal production, settle trades via monetary or costly intermediated exchange, and where the government imperfectly monitors monetary transactions. Stationary monetary equilibria with both legal and illegal production exist, in which case the over-provision of currency may increment the extent of illegal production. This result holds also in the presence of intermediated exchange of legal goods. Equilibria with differing transaction patterns and degrees of illicit activities coexist.

Macro Sam, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1998, December 5). Ex ante sources and uses, balance sheet identity, and business [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, August 20). Rational exp, capacity utilization & the theory of the firm [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Clower, Leijonhufvud, market equilibrium, and the Keynesian system [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Mathematical notes on utility and leisure [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, December 4). Notes on rpc: Keynes, atomistic competition, and labor supply curves [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, November 21 & …

A Case Of The Philips Curve In The Formation Of A Monetary Union: A Glimpse At High Inflation Countries Of The European Monetary Union, Yuet Wen Wan

University Avenue Undergraduate Journal of Economics

This paper examines how disinflation in high inflation economies affects unemployment levels. According to Keynesian macroeconomic theories, a decrease in inflation will cause an increase in unemployment in the short run. Due to high inflation over the years among countries like Italy and Ireland, their expected inflation rate is significantly high. As a result, when the government starts a process of disinflation though restrictive fiscal and monetary policies, economic activity declines, and significant short run increase in unemployment follows.

Inflation & Monopoly Expectations, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (n.d.). Inflation and oligopoly and monopoly explanations [Handwritten notes]. Unpublished manuscript.

• Stadnichenko, A. (1975). Monetary crisis of capitalism: Origin and development. New York, NY: Dunellen Publishing Company.

• Sawyer, M. (2001). Kalecki on imperfect competition, inflation and money. Cambridge Journal of Economics, 25(2), 245–261.

Oecd Inflation And Throughput Rates, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1996, October; revised 1998, January 29). Explaining inflation and unemployment: An alternate to neoliberal economic theory [Annotated conference-paper fragment].
• Mejorado, A. (1998, May 22; revised May 27). Inflation rate and throughput coefficient in USA, 1960-1996 [Three-chart spreadsheet output set testing after-tax throughput variants].
• Inflation and thruput: 1930-1999 [Two-chart spreadsheet output set comparing alternative throughput measures]. (n.d.).
• Mejorado, A. (1998, May 6-7). Cross-country throughput-coefficient chart packet [Charts comparing inflation and throughput measures for Sweden, Canada, the United States, and Germany].
• Throughput coefficient and manufacturing inflation rate [Data chart]. (n.d.).
• Agenor, P.-R., & Montiel, P. J. (1996). …

Rpc 1-2, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Roberts, J. (1987, December). An equilibrium model with involuntary unemployment at flexible, competitive prices and wages. American Economic Review, 77(5), 856–874. American Economic Association.

• Shaikh, A. (1997, November 29). Market demand curves and aggregate demand [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, December 16). Rational competition as a foundation for the theory of eff dd [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1997, January 3). Government deficits, financing, and open economy exchange rates [Handwritten notes]. Unpublished manuscript.

• Harcourt, G. C. (n.d.). Post-Keynesian economics [Encyclopedia excerpt]. In [Encyclopedia title] (pp. [pp.]). [Publisher].

• …

Brenner Article Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Handwritten notes on Brenner on FROP and the real profit–output ratio [Unpublished handwritten notes].

• Shaikh, A., PhD. (n.d.). Printed graphs including output/capital and profit rates for Japan, the United States, and Germany, and bank failures in the United States [Unpublished printed graphs].

• Michl, T. R. (n.d.). Curriculum vitae [Unpublished curriculum vitae].

• Shaikh, A., PhD. (1999, October 8). File directory: GF computer prior to Windows NT upgrade [Unpublished printed file directory listing].

• Shaikh, A., PhD. (n.d.). Handwritten notes for an AEA presentation titled “I: what is Brenner’s argument” [Unpublished …

Growth - Harrod, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (2000, December 2). Growth II/Harrod [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (2000, June 30). A classical solution to Harrod stability [Unpublished manuscript].

• Shaikh, A., PhD. (1998, September 24). Module on the foundations of growth theory [Unpublished manuscript].

• Shaikh, A., PhD. (2000, January). The economic analysis of advanced capitalism II [Syllabus for Economics 205; unpublished manuscript].

• Shaikh, A., PhD. (1994, April). A simple model of the reserve army of labor [Unpublished manuscript].

• Shaikh, A., PhD. (1998, October 2). Comparing KK, NC, and classical/Marxian macrodynamics [Unpublished manuscript].

• Shaikh, …

Leontief Panel Assa, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (2000, January). The relevance of Wassily Leontief’s work to the dynamics of modern economies (Outline). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (n.d.). The relevance of Wassily Leontief’s work to the dynamics of modern economies (Abstract). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (2000, January 8). Leontief and classical economic tradition; Leontief panel: ASSA (Boston) (Handwritten notes). Department of Economics, The New School for Social Research, New York, NY.

• Anwar Shaikh. (1999, March 14). Leontief talk (Easterns, …

The Challenge Of Administration By Regulation: Preliminary Findings Regarding The U.S. Government's Venture Capital Funds, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

This article assesses the ability of elected officials to control public policy as implemented by public/private hybrid organizations, specifically, government venture capital funds. The study reveals greater control over OPIC investment funds than Enterprise Funds despite the existence of more traditional administrative tools of control for Enterprise Funds. This finding suggests that the regulatory infrastructure for hybrid organizations is more determinative of control than the existence (or lack) of traditional administrative control tools. Thus the challenge of hybrid government centers on the development of regulation as a substitute for administration.

How Useful Are Forecasts Of Corporate Profits, Dean D. Croushore

Economics Faculty Publications

If forecasters predict higher earnings for corporations, the stock market will rise. Stock prices will drop with a forecast of lower earnings. But are such forecasts on the money? Dean Croushore uses data from the Survey of Professional Forecasters to check the accuracy of forecasts of corporate profits. The results show that, despite the volatility of corporate profits, the forecasts are rational.

Open Eco Macro Soas, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1999, Spring). Folder cover for open eco macro at SOAS [Unpublished folder cover].

• Shaikh, A., PhD. (n.d.). Table 3.4: Act. and pred. growth rates from McCombie and Thirlwall (1994, p. 251) [Unpublished chart].

• Shaikh, A., PhD. (1999, April 27). Handwritten notes for open eco macro: review [Unpublished handwritten notes].

• Shaikh, A., PhD. (n.d.). Handwritten notes titled “comparative advantage and HO” [Unpublished handwritten notes].

• Shaikh, A., PhD. (1993, April 14). Handwritten notes on free trade (Prof. Ernesto Herzberg) and “Mexico: trade, competition, and the XR” [Unpublished handwritten notes].

• Shaikh, …