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From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory

In: The Political Economy of Monetary Circuits

Author

Listed:
  • Stefano Figuera

Abstract

At the time of writing, 70 years after Hicks (1937) began his reinterpretation of Keynes’s theory, a new neoclassical synthesis is taking shape. Keynes’s theory is still acknowledged as valid on a short-term basis, while in the long run the conclusions of the neoclassical point of view are deemed correct.

Suggested Citation

  • Stefano Figuera, 2009. "From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory," Palgrave Macmillan Books, in: Jean-François Ponsot & Sergio Rossi (ed.), The Political Economy of Monetary Circuits, chapter 8, pages 138-160, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24572-3_8
    DOI: 10.1057/9780230245723_8
    as

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