Add to ORKGThe paper offers theoretical discussion and modelling showing that -in accordance to the post Keynesian approach to endogenous money- the credit-worthy demand for loans determines the supply of loans at the prevailing interest rate, while -in accordance with Keynes's liquidity preference theory- the rate of interest is endogenously determined as to equalize the demand and supply of liquidity-money in terms of stocks. As a consequence, the markup reflected in the spread between the central bank refinancing interest rate and the market interest rate is endogenously determined by the total demand and supply of liquidity-money. The paper also argues that, while the central bank effectively controls the base interest rate, additional conditions ...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
This paper builds on a synthesis of endogenous money and liquidity preference theory to address the ...
The paper offers theoretical discussion and modelling showing that -in accordance to the post Keynes...
The paper offers theoretical discussion and modelling showing that -in accordance to the post Keynes...
We appraise the canonical RobertsonKeynes discussion from the structural axis of exogeneity/endogene...
This paper presents the Post Keynesian theory of endogenous money supply and shows how it is fundame...
We argue that even in the case that banks are able to maintain the interest rate at a level that the...
The idea of an exogenous money supply—controlled entirely through central bank interventions—was a f...
The idea of an exogenous money supply—controlled entirely through central bank interventions—was a f...
The paper examines the evolution of Keynes' position on the ability of the monetary authorities to c...
The paper examines the evolution of Keynes' position on the ability of the monetary authorities to c...
The idea of an exogenous money supply—controlled entirely through central bank interventions—was a f...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
This paper builds on a synthesis of endogenous money and liquidity preference theory to address the ...
The paper offers theoretical discussion and modelling showing that -in accordance to the post Keynes...
The paper offers theoretical discussion and modelling showing that -in accordance to the post Keynes...
We appraise the canonical RobertsonKeynes discussion from the structural axis of exogeneity/endogene...
This paper presents the Post Keynesian theory of endogenous money supply and shows how it is fundame...
We argue that even in the case that banks are able to maintain the interest rate at a level that the...
The idea of an exogenous money supply—controlled entirely through central bank interventions—was a f...
The idea of an exogenous money supply—controlled entirely through central bank interventions—was a f...
The paper examines the evolution of Keynes' position on the ability of the monetary authorities to c...
The paper examines the evolution of Keynes' position on the ability of the monetary authorities to c...
The idea of an exogenous money supply—controlled entirely through central bank interventions—was a f...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
The paper examines Keynes' views on the ability of the monetary authority to control the amount of m...
This paper builds on a synthesis of endogenous money and liquidity preference theory to address the ...