IDEAS home Printed from
   My bibliography  Save this paper

Různá pojetí endogenity peněz v postkeynesovské ekonomii: Reinterpretace do obecnější teorie



The 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.

Suggested Citation

  • Ondřej Lopušník, 2010. "Různá pojetí endogenity peněz v postkeynesovské ekonomii: Reinterpretace do obecnější teorie," Working Papers IES 2010/05, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2010.
  • Handle: RePEc:fau:wpaper:wp2010_05

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Post Keynesian economics; Money supply; Structuralism; Horizontalism;

    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


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fau:wpaper:wp2010_05. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.