to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … of inflationary monetary financing rest upon inaccurate conceptions of the modern endogenous money creation process. This … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …We develop a dynamic general equilibrium model to analyze the relationship between monetary policy, money demand, and …

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes …

elements of the paradigm. A model is developed to determine output, unemployment and price level changes. Finally, the paper …

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and thrift. His point was that it is money, not saving, which is the necessary prerequisite for economic activity in … both heterodox endogenous money approaches and modern Wicksellian orthodoxy, which remains trapped in the illusion of money …

budget constraint, and accelerating inflation at the end of the 1960s, functional finance fell out of favor. The paper …'s transition went further, as he embraced a version of Monetarism that emphasized the use of monetary policy over fiscal policy … the economy. Thus, in spite of some claims that Minsky should not be counted as one of the "forefathers" of Modern Money …

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of …