Různá pojetí endogenity peněz v postkeynesovské ekonomii: Reinterpretace do obecnější teorie
AbstractThe theory of endogenous money supply forms one of the cornerstones of Post Keynesian economics. It has been developing rapidly during the last twenty years, but is still neglected as a theoretical background for practical central bank policy. This may be (among other reasons) due to the existence of different approaches to money endogeneity within Post Keynesian economics. Post Keynesian economics thus lacks a general formulation of money endogeneity. Naturally, one may ask whether reinterpretation of current approaches to endogeneity – structuralism and horizontalism – into more general theoretical framework is possible. This paper aims at finding an answer to this question. Two approaches to reinterpreting structuralism and horizontalism into more general theoretical framework are identified and discussed. Despite some progress in this area, however, the paper argues that a general formulation of money supply endogeneity is still an impossibility.
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Bibliographic InfoPaper provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its series Working Papers IES with number 2010/05.
Length: 28 pages
Date of creation: Apr 2010
Date of revision: Apr 2010
Post Keynesian economics; Money supply; Structuralism; Horizontalism;
Find related papers by JEL classification:
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
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