Endogenous Money: An Analytical Approach
The paper proposes a constructive interpretation of the Post Keynesian debate between horizontalists and structuralists. Both approaches defend an endogenous money theory, but they discriminate between different analyses of the credit market and the reserve market. A more general model encompassing both approaches is presented here and some of its implications are discussed. Copyright (c) Scottish Economic Society 2003.
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Volume (Year): 50 (2003)
Issue (Month): 4 (09)
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