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Endogenous money and the natural rate of interest : the reemergence of liquidity preference and animal spirits in the post-Keynesian theory of capital markets
Pilkington, Philip - 2014
principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …-Keynesian monetary theory today is its rejection of the "natural rate of interest." By examining the hidden assumptions of the loanable … interest version of the loanable funds theory, it quickly becomes clear that Minsky does not fall into the loanable funds camp. …
Persistent link: https://www.econbiz.de/10010412398
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Frictional asset markets and the liquidity channel of monetary policy
Herrenbrueck, Lucas - In: Journal of economic theory 181 (2019), pp. 82-120
Persistent link: https://www.econbiz.de/10012131810
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Endogenous Money and the Natural Rate of Interest : The Reemergence of Liquidity Preference and Animal Spirits in the Post-Keynesian Theory of Capital Markets
Pilkington, Philip Clarke - 2014
principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …-Keynesian monetary theory today is its rejection of the “natural rate of interest.” By examining the hidden assumptions of the loanable … interest version of the loanable funds theory, it quickly becomes clear that Minsky does not fall into the loanable funds camp …
Persistent link: https://www.econbiz.de/10013045724
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Liquitidy preference in a world of endogenous money : a short-note
Missaglia, Marco; Sanchez, Patricia - In: Cuadernos de economía 39 (2020) 81, pp. 595-612
Persistent link: https://www.econbiz.de/10012605302
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Keynes on monetary policy, finance and uncertainty : liquidity preference theory and the global financial crisis
Bibow, Jörg - 2009
In this book, Jörg Bibow illustrates how Keynes' methodology inspired his economic theorizing and how this led to fundamental insights concerning the role of money that contrasted with orthodox closed-system modelling
Persistent link: https://www.econbiz.de/10011908308
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Keynes on monetary policy, finance and uncertainty : liquidity preference theory and the global financial crisis
Bibow, Jorg. - 2009
chapter 1 The triumph of Keynesianism? The key role of liquidity preference theory in Keynes’ heresy -- chapter 2 Some … behavior: The Pandora’s box kept shut in Keynes’ theory of liquidity preference? -- chapter 6 Keynes on central banking and the … liquidity preference theory seriously. …
Persistent link: https://www.econbiz.de/10014499596
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Inhomogeneous financial markets in a low interest rate environment : a cluster analysis of eurozone economies
Tatay, Tibor; Orlovits, Zsanett; Novák, Zsuszanna - In: Risks : open access journal 10 (2022) 10, pp. 1-22
In the present paper, we investigate the financial homogeneity of the euro area economies by contrasting eurozone countries' responses to monetary policy steps to the theoretical assumptions of the liquidity trap phenomenon. Our assumption is that the euro area economies are not completely...
Persistent link: https://www.econbiz.de/10013556643
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Analysis of the amplification mechanisms in the process of debt deleveraging
Cohen, Nimrod - 2022
Persistent link: https://www.econbiz.de/10014338749
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Comportamiento de los mercados financieros peruanos ante el anuncio del tapering
Choy, Marylin; Cerna, Jorge - 2014
Persistent link: https://www.econbiz.de/10010416734
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Monetary policy, asset-price bubble and the zero lower bound
Robinson, Tim; Stone, Andrew - 2005
Persistent link: https://www.econbiz.de/10002597595