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Abstract

This paper introduces a new monetary theory that is compatible with the Keynesian liquidity preference theory, the neoclassical loanable funds theory and the Post Keynesian endogenous money theory. It is very suitable for introductory textbooks since it gives a correct understanding of modern monetary systems. It can further be used to explain a series of phenomena.



Item Type: MPRA Paper -

Original Title: The Excess Demand Theory of Money-

Language: English-

Keywords: money, interest rate, liquidity preference, loanable funds, endogenous money-

Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - GeneralE - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - GeneralE - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers-





Autor: Kehrwald, Bernie

Fuente: https://mpra.ub.uni-muenchen.de/65800/







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