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Heterodox Macroeconomics and the Design of Monetary Institutions

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Author Info
Romar Correa

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Abstract

Two agendas of the heterodox economics programme; the stock-flow consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy are discussed. The objective is to present a coherent account of two innovations in payments mechanisms: deposit-creating institutions and conditional cash transfers.

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File URL: http://www.eSocialSciences.com/data/articles/Document110102008570.2003443.pdf
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Paper provided by esocialsciences.com in its series Working Papers with number id:1721.

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Date of creation: 2008
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Handle: RePEc:ess:wpaper:id:1721

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Related research
Keywords: France; Italy; deposit creating institutions; conditional cash transfers; economics; monetary institutions; Heterodox Macroeconomics; capitalist economy; neo-classical; agrarian sector; institutional investors; pension funds; government; finance; capital;

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This page was last updated on 2009-12-11.

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