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The analytical role of endogenous money and the horizontalist-structuralist debate
Docherty, P
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Journal of Money, Credit and Banking, 1994
The Ramsey-Romer model of endogenous growth is extended to allow for holdings of real money balances and government debt as well as capital and for non-interconnected generations of households. Tax-financed increases in government consumption and debt depress growth prospects and boost inflation, as long as a positive birth rate ensures that future ...
van der Ploeg, Frederick +1 more
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The Ramsey-Romer model of endogenous growth is extended to allow for holdings of real money balances and government debt as well as capital and for non-interconnected generations of households. Tax-financed increases in government consumption and debt depress growth prospects and boost inflation, as long as a positive birth rate ensures that future ...
van der Ploeg, Frederick +1 more
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2023
Trabajo presentado en los Webinars UCB Economia e Políticas Públicas (Universidade Católica de Brasília), celebrados en Brasil, el 7 de octubre de ...
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Trabajo presentado en los Webinars UCB Economia e Políticas Públicas (Universidade Católica de Brasília), celebrados en Brasil, el 7 de octubre de ...
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Monetary Policy with Endogenous Money and Liquidity Preference: A Nondualistic Treatment
This paper builds on a synthesis of endogenous money and liquidity preference theory to address the mechanisms by which monetary policy takes effect. We focus on the United Kingdom, under a range of institutional arrangements.
Sheila Dow, Victoria Chick
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The endogeneity of credit money
Review of Political Economy, 1989Money is the asset generally accepted as the means of payment and medium of exchange. Money also serves as a store of value and as the unit of account in which prices are expressed. The particular assets that are bestowed with general acceptability in exchange have evolved markedly over time, and are still evolving.1 For conceptual clarity it is ...
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Endogenous Asymmetric Money Illusion
SSRN Electronic Journal, 2018Abstract We show that when investors suffer from endogenous asymmetric money illusion, the usual proportionality between money supply and nominal prices commonly present in frictionless economies is eliminated. This drives changes in the money supply to cause real price fluctuations.
Diogo Duarte, Yuri F. Saporito
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Velocity of Money, Endogenous Money and Rate of Interest
Indian Economic Journal, 2018As an alternative to conceptualisation of endogenous money in Taylor’s rule of interest management, the present article considers Keynes’s general theoretic endogenous money supply, which is in response to demand for money generated in income determination process (and the induced growth processes). That money is important, as a real factor production,
Satya Prasad Padhi
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endogenous and exogenous money
1987The issue of endogeneity or exogeneity of money is one that runs through the history of monetary theory, with prominent authors appearing to hold views on either side. Narrowly put, those who plug for the exogeneity view take one or all among the cluster of variables — price level, interest rate or real output — as being determined by movements in the ...
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1986
One of the enigmas of our time is why the quantity theory of money, in one form of another, has survived as long as it has. Nicholas Kaldor regards its current “monetarist” guise as a “terrible curse” and “a visitation of evil spirits” which has caused misery and agony in the form of mass unemployment in the major countries of the West.
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One of the enigmas of our time is why the quantity theory of money, in one form of another, has survived as long as it has. Nicholas Kaldor regards its current “monetarist” guise as a “terrible curse” and “a visitation of evil spirits” which has caused misery and agony in the form of mass unemployment in the major countries of the West.
openaire +1 more source

