recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …

economics, and is renowned as the progenitor of the "horizontalist" analysis of endogenous money. More recently, he has embraced … macroeconomics of endogenous money -- pt. 4. The macroeconomics of exogenous interest rates -- pt. 5. Unemployment, inflation and the …

pt. 1. Heterodox economic theory and money in macroeconomics -- pt. 2. Distribution and aggregate demand -- pt. 3 …Money, distribution and economic policy takes issue with the inappropriate treatment of money, effective demand and …: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and …

money. In this context, they highlight the relevance of Abba Lerner's famous dictum, 'money is a creature of the State'. The …

, consumption and saving, the causes of the global financial crisis, economic growth and happiness and income distribution and the …), 'Money wage dynamics and labor-market equilibrium', Journal of Political Economy, 76 (4, Part 2): Issues in monetary research … and Unemployment', Quarterly Journal of Economics, CV (2), May, 255-83 -- Truman F. Bewley (1995), 'A Depressed Labor …

In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under … established that both the short-run and long-run performance of a capitalist system depend upon investment, but he failed to … arrive at an alternative to the neoclassical theory of investment. Professor Gordon demonstrates that the extension of …

rate. Money’s role in monetary policy has been tertiary, at best. Indeed, several influential economists have suggested … that money is irrelevant for monetary policy. They suggest that central banks can control inflation by (i) controlling a … rate in order to exert greater control over longer-term rates. I offer an alternative perspective: namely, that money is …

Dino Falaschetti and Michael Orlando unify the treatment of the many deeply related topics in money and banking in this … and financial services, as well as related governance mechanisms, influence economic performance. In this manner, Money …Modeling -- Foundation -- A model economy -- What is money? -- Money and the level of economic well-being -- Money in a …