economy and escape deflation by a real depreciation of the domestic currency, a lower long real interest rate, and increased …

economy and escape deflation by a real depreciation of the domestic currency, a lower long real interest rate, and increased …

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical "special case" interpretation, Keynes considered his liquidity preference theory of …