Post Keynesian Approaches to Endogenous Money: A time framework explanation
AbstractOver the last two decades, work on the Post Keynesian theory of endogenous money has been flourishing, and has prompted a rethinking of the complex nature of money in modern economies. At the heart of the debate between what have now been labelled the accommodationist (or horizontalist) approach and the structuralist approach to endogenous money are the issues of the slope of the supply curves of reserves and of credit money, respectively. Using the distinction between a single period analysis and a continuation analysis, similarities and differences between those approaches are explained, and the suggestion is then made for retaining and re-interpreting them into a more general theory.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Review of Political Economy.
Volume (Year): 15 (2003)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.tandfonline.com/CRPE20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Andrea Teglio & Marco Raberto & Silvano Cincotti, 2012.
"The Impact Of Banks' Capital Adequacy Regulation On The Economic System: An Agent-Based Approach,"
Advances in Complex Systems (ACS),
World Scientific Publishing Co. Pte. Ltd., vol. 15(su), pages 1250040-1-1.
- Andrea Teglio & Marco Raberto & Silvano Cincotti, 2011. "The impact of banks’ capital adequacy regulation on the economic system: an agent-based approach," Working Papers 2011/01, Economics Department, Universitat Jaume I, Castellón (Spain).
- Mark Setterfield, 2014. "An essay on horizontalism, structuralism and historical time," Working Papers 1402, Trinity College, Department of Economics.
- M. Lopreite, 2012. "The endogenous money hypothesis and securitization: the Euro area case (1999-2010)," Economics Department Working Papers 2012-EP02, Department of Economics, Parma University (Italy).
- Wäckerle, Manuel, 2013. "On the bottom-up foundations of the banking-macro nexus," Economics Discussion Papers 2013-5, Kiel Institute for the World Economy.
- Bertocco Giancarlo, 2006. "Some observations about the endogenous money theory," Economics and Quantitative Methods qf0602, Department of Economics, University of Insubria.
- Carl Chiarella & Corrado Di Guilmi, 2010.
"The Financial Instability Hypothesis:a Stochastic Microfoundation Framework,"
Research Paper Series
273, Quantitative Finance Research Centre, University of Technology, Sydney.
- Chiarella, Carl & Di Guilmi, Corrado, 2011. "The financial instability hypothesis: A stochastic microfoundation framework," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1151-1171, August.
- Tas, Bedri Kamil Onur & Togay, Selahattin, 2012.
"A direct test of the endogeneity of money: Implications for Gulf Cooperation Council (GCC) countries,"
Elsevier, vol. 29(3), pages 577-585.
- Bedri Kamil Onur Tas & Selahattin Togay, 2010. "A direct test of the endogeneity of money: implications for Gulf Cooperation Council (GCC) countries," Working Papers 2010/5, Turkish Economic Association.
- Bertocco Giancarlo, 2002.
"The role of credit in a Keynesian monetary economy,"
Economics and Quantitative Methods
qf0222, Department of Economics, University of Insubria.
- Giancarlo Bertocco, 2005. "The Role of credit in a Keynesian monetary economy," Review of Political Economy, Taylor & Francis Journals, vol. 17(4), pages 489-511.
- Peter Howells, 2005. "The Endogeneity of Money: Empirical Evidence," Working Papers 0513, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
- Boermans, Martijn Adriaan & Moore, Basil J, 2008. "Locked-in and Sticky Textbooks: Mainstream Teaching of the Money Supply Process," MPRA Paper 14845, University Library of Munich, Germany, revised Apr 2009.
- Hein, Eckhard, 2010.
"The rate of interest as a macroeconomic distribution parameter: Horizontalism and Post-Keynesian models of distribution of growth,"
23372, University Library of Munich, Germany.
- Hein, Eckhard, 2010. "The rate of interest as a macroeconomic distribution parameter: Horizontalism and Post-Keynesian models of distribution of growth," IPE Working Papers 07/2010, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- Eckhard Hein & Achim Truger, 2006. "Monetary policy, macroeconomic policy mix and economic performance in the Euro area," IMK Working Paper 06-2006, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
- Cavalieri, Duccio, 2004. "On Some Equilibrium and Disequilibrium Theories of Endogenous Money: A Structuralist View," MPRA Paper 43738, University Library of Munich, Germany.
- Raberto, Marco & Teglio, Andrea & Cincotti, Silvano, 2011.
"Debt deleveraging and business cycles: An agent-based perspective,"
Economics Discussion Papers
2011-31, Kiel Institute for the World Economy.
- Raberto, Marco & Teglio, Andrea & Cincotti, Silvano, 2012. "Debt, deleveraging and business cycles: An agent-based perspective," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 6(27), pages 1-49.
- Ho Dong Ching, 2011. "Endogenous Money - A Structural Model of Monetary Base," Occasional Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number occ52, ÑÐ½Ð²Ð°Ñ.
- Thomas I. Palley, 2008. "Endogenous Money: Implications for the Money Supply Process, Interest Rates, and Macroeconomics," Working Papers wp178, Political Economy Research Institute, University of Massachusetts at Amherst.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.