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Liquidity preference in a world of endogenous money: A short-note.
Cuadernos de Economía, 2020 We argue that even in the case that banks are able to maintain the interest rate at a level that they want (the most “radical” version of the theory of endogenous money), liquidity preference continues to constitute a key element when determining the ...
Marco Missaglia, Patricia Sanchez
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Endogenous money or sticky prices? [PDF]
Journal of Monetary Economics, 2003 Abstract What explains the correlations between nominal and real variables in the postwar US data? Are these correlations indicative of significant nominal rigidity? Or do they simply reflect the particular way that monetary policymakers react to developments in the real economy?
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Analyzing the Different Effects of Endogenous and Exogenous Money Supply on Inflation: A Spectral Analysis Approach [PDF]
پژوهشهای اقتصادی, 2020 In recent decades, the inflation phenomenon has been one of the most important issues for Iranian economy. Regardless of its effects on economy, identifying the determinants of inflation has always been a challenge in all economies.
alireza kamalian +3 more
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Transcending the new macroeconomic orthodoxy in the Eurozone: a Post-Keynesian view [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2016 The main aim of this paper is to empirically test the endogenous money hypothesis for the Eurozone. Based on data on loans to private sector, deposits, monetary aggregates, prices and GDP we use three empirical approaches to test the hypothesis: (i ...
Kristijan Kotarski +1 more
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Endogenous Money Supply and Money Demand
IMF Working Papers, 2000 This paper explores the behavior of money demand by explicitly accounting for the money supply endogeneity arising from endogenous monetary policy and financial innovations. Our theoretical analysis indicates that money supply factors matter in the money demand function when the money supply partially responds to money demand.
Woon Gyu Choi, Seonghwan Oh
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Household consumer debt, endogenous money and growth: A supermultiplier-based analysis [PDF]
PSL Quarterly Review, 2016 The paper provides a simple theoretical framework to assess the macroeconomic implications of debt-fuelled consumption. In particular, the analysis is conducted through an extended super-multiplier model with endogenous credit money, which highlights the
Riccardo Pariboni
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Pour une macroéconomie monétaire dynamique et complexe
Revue de la Régulation, 2014 The study of the mechanisms of flow and reflux of money in the economic system is one of the main tasks the monetary theory of production wants to achieve. For this reason, this theory constitutes a crucial support for an approach of macroeconomics based
Pascal Seppecher
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The search for co-integration between money, prices and income: Low frequency evidence from the Turkish economy [PDF]
Panoeconomicus, 2009 In this paper, we aim to test the empirical validity of the QTM relationship for the Turkish economy. Using some contemporaneous time series estimation techniques, our estimation results reveal that stationarity characteristics of the velocities of ...
Saatçioğlu Cem, Korap Levent
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The endogenous money hypothesis: empirical evidence from Türkiye (2008-2020)
PSL Quarterly ReviewThis paper examines the validity of the endogenous money supply hypothesis in Türkiye from 2008 to 2020. The endogenous money hypothesis underlines the fact that a demand for bank credit leads to the creation of credit and deposit.
Oktay Özden +2 more
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Endogenous Financial Innovation and the Demand for Money [PDF]
Journal of Money, Credit and Banking, 1995 This paper embeds two key ideas about the nature of financial innovation taken from the empirical literature into a familiar equilibrium monetary model. It provides formal support for several alternative econometric specifications for money demand that attempt to capture the effects of financial innovation and demonstrates that a popular theoretical ...
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