Money and Employment: A Study of the Theoretical Implications of Endogenous Money'. . . this volume is a valuable collection that will provide much interest to both policy-makers and academics.' - Simon Sosvilla-Rivero, Economic Journal Money, Inflation and Employment examines issues of economic policy and theory throu |
Contents
| 1 | |
2 Money in classical economics | 18 |
3 The quantity theory and Wicksells pure credit economy | 56 |
4 Monetary conditions and employment in The General Theory | 81 |
5 Endogeneity in Kaldors antimonetarist writings | 110 |
Kaldors early monetary writings | 142 |
wholesale markets and the banking system | 173 |
short term finance and increasing risk | 207 |
9 The banking sector in an endogenous money macro model | 255 |
10 An endogenous money macroeconomic model | 292 |
11 Summary and conclusions | 343 |
| 349 | |
| 363 | |
Common terms and phrases
accommodation additional adjustment aggregate demand analysis argues argument assets bank deposits bank loans banking system behaviour Bullionist capital cash central bank chapter 17 characterised cost countercyclical currency demand for money discount window economic elastic endogenous money equation equation of exchange exchange exogenous expansion expected finance financial system framework full employment funds Goodhart impact income increase inflation Interest and Prices investment spending Kaldor's theory Keynes effect Laidler lending liquidity preference liquidity premium loan rate long term mechanism monetarist monetary base monetary policy monetary theory money demand money rate money supply money supply function Moore Moore's natural rate neoclassical nominal operation output period portfolio price level profit PSBR quantity theory rate of interest rate of return real bills doctrine reserves Ricardo risk role Say's law short term government structure term government securities theory of endogenous theory of interest transmission mechanism variables variations velocity of circulation Wicksell Wicksell's