policy operations. This paper describes in detail an endogenous money perspective on the interactions between central bank …

In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time … wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work … appears to be much deeper than that displayed three or four decades later by much of the post-Keynesian endogenous-money …

central bank asset purchases. The portfolio rebalancing frictions are calibrated to match the sovereign yield and exchange … introduction of global portfolio frictions on euro area government bond holdings by international investors opens up for a larger …

market frictions that prevent economic agents from perfectly sharing risk; in the absence of frictions, financial (in …)stability would be of no concern. Overcoming these frictions to improve risk sharing across economic agents is, in our view, the …

is some measure of the money supply, V is the velocity of money, P is the general price level, and T is a measure of the …