@article{oai:chuo-u.repo.nii.ac.jp:00009275, author = {MURAKAMI, Hiroki}, journal = {経済研究所 Discussion Paper, IERCU Discussion Paper}, month = {Oct}, note = {application/pdf, This paper deals with the following two issues in a post Keynesian system: the existence and uniqueness of a growth cycle and the effectiveness of a counter-cyclical monetary policy for stabilization. It is found that the unique growth cycle, represented by the unique limit cycle, can be observed if the rate of interest is set to a constant level while that the long-run equilibrium can be globally asymptotically stable if an appropriate counter-cyclical monetary policy is conducted.}, title = {Monetary policy in the unique growth cycle of post Keynesian systems}, volume = {303}, year = {2018} }