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We present a simple stock-ow consistent (SFC) model to discuss some recent claims made by Angel Asensio in the Journal of Post Keynesian Economics regarding the relationship between endogenous money theory and the liquidity preference theory of the rate of interest. We incorporate Asensio's...
Persistent link: https://www.econbiz.de/10011891345
We present a simple stock-ow consistent (SFC) model to discuss some recent claims made by Angel Asensio in the Journal of Post Keynesian Economics regarding the relationship between endogenous money theory and the liquidity preference theory of the rate of interest. We incorporate Asensio's...
Persistent link: https://www.econbiz.de/10011924796
reinterpretation of current approaches to endogeneity - structuralism and horizontalism - into more general theoretical framework is … possible. This paper aims at finding an answer to this question. Two approaches to reinterpreting structuralism and … horizontalism into more general theoretical framework are identified and discussed. Despite some progress in this area, however, the …
Persistent link: https://www.econbiz.de/10010322224
reinterpretation of current approaches to endogeneity – structuralism and horizontalism – into more general theoretical framework is … possible. This paper aims at finding an answer to this question. Two approaches to reinterpreting structuralism and … horizontalism into more general theoretical framework are identified and discussed. Despite some progress in this area, however, the …
Persistent link: https://www.econbiz.de/10008457136
We review the main arguments put forward against the horizontalist view of endogenous credit and money and an exogenous rate of interest under the control of monetary policies. We argue that the structuralist arguments put forward in favour of an endogenously increasing interest rate when...
Persistent link: https://www.econbiz.de/10008564512
The paper argues that beyond the deviations of the long-term interest rate the monetary authority may cause, it is the rate determined by the market conventional expectations that prevails eventually. Lasting influence requires the authority to be capable of changing the market conventional...
Persistent link: https://www.econbiz.de/10014363132
The paper argues that beyond the deviations of the long-term interest rate the monetary authority may cause, it is the rate determined by the market conventional expectations that prevails eventually. Lasting influence requires the authority to be capable of changing the market conventional...
Persistent link: https://www.econbiz.de/10011133391
This is a short essay on the present state of a controversial problem: that of the relationship between the supply and the demand for money. Exogeneous or endogenous money supply? The different positions taken in the literature on the subject are examined and discussed. The author's confidence...
Persistent link: https://www.econbiz.de/10011112523
Persistent link: https://www.econbiz.de/10012196062
Persistent link: https://www.econbiz.de/10011980945