We propose a simple but well‐defined Kaleckian model of conflict inflation, consisting of a Kaleckian investment function and conflict inflation, resulting from workers and capitalists making conflicting claims over their shares in output. The bargaining power of workers depends on the rate of employment. The central bank engages in inflation targeting through changes in the interest rate. We establish the existence of an economically meaningful steady state and examine its stability properties both analytically and numerically. We show the possibilities of cyclical trajectories under certain conditions.

中文翻译：

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卡莱克式通胀与内生劳动力供应

我们提出了一个简单但定义明确的冲突通货膨胀的Kaleckian模型，该模型由工人和资本家对其产出的份额主张相互矛盾而产生的Kaleckian投资函数和冲突通货膨胀组成。工人的议价能力取决于就业率。中央银行通过改变利率来实现通货膨胀目标。我们建立了具有经济意义的稳定状态的存在，并从分析和数值两个方面检查了其稳定性。我们展示了在某些条件下周期性轨迹的可能性。