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Joan Robinson Never Understood Any Part of Keynes’s Liquidity Preference Theory of the Rate of Interest in the General Theory

Brady, Michael Emmett - 2021

Theory between 1930 and February, 1936, given the nature of these exchanges.Keynes is very specific as regards his Liquidity … preference theory of the rate of interest:“You do not seem to realize that if you are right the whole theory of liquidity …, Keynes spent a great deal of time and effort trying to correct her many errors about his Liquidity Preference Theory of the …

Persistent link: https://www.econbiz.de/10013242633

Further insights on endogenous money and the liquidity preference theory of interest

Lavoie, Marc; Reissl, Severin - 2018

of Post Keynesian Economics regarding the relationship between endogenous money theory and the liquidity preference … theory of the rate of interest. We incorporate Asensio's assumptions as far as possible and use simulation experiments to …

Persistent link: https://www.econbiz.de/10011924796

Insights on endogenous money and the liquidity preference theory of interest

Asensio, Angel - In: Journal of post-Keynesian economics : JPKE 40 (2017) 3, pp. 327-348

Persistent link: https://www.econbiz.de/10011980945

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/10013045724

Keynes' theory of the interest rate : a critical approach

Appelt, Katarzyna - In: Theory, methodology, practice 12 (2016) 1, pp. 3-8

Persistent link: https://www.econbiz.de/10011583273

SFC modeling and the liquidity preference theory of interest

Asensio, Angel - In: Journal of Post Keynesian economics 43 (2020) 1, pp. 28-35

Persistent link: https://www.econbiz.de/10012196075

Some unpleasant properties of log-linearized solutions when the nominal rate is zero

Braun, R. Anton; Körber, Lena Mareen; Waki, Yuichiro - 2012 - Rev.

Does fiscal policy have qualitatively different effects on the economy in a liquidity trap? We analyze a nonlinear stochastic New Keynesian model and compare the true and loglinearized equilibria. Using the loglinearized equilibrium conditions, the answer to the above question is yes. However,...

Persistent link: https://www.econbiz.de/10009513278

Inside money, investment, and unconventional monetary policy

Altermatt, Lukas - 2018 - Revised version

I develop a new monetarist model to analyze why an economy can fall into a liquidity trap, and what the effects of unconventional monetary policy measures such as helicopter money and negative interest rates are under these circumstances. I find that liquidity traps can be caused by a decrease...

Persistent link: https://www.econbiz.de/10011790397

Inside money, investment, and unconventional monetary policy

Altermatt, Lukas - 2019 - Revised version

I develop a model that explicitly takes the role of financial institutions in the transmission mechanism of monetary policy into account. Within this model, I find various equilibrium environments, with one of them resembling a standard environment for monetary policy and another one akin to a...

Persistent link: https://www.econbiz.de/10012052588

The part played by general equilibrium in the liquidity preference vs loanable funds episode : 1936-1956

Bridel, Pascal - In: The European journal of the history of economic thought 28 (2021) 5, pp. 753-786

Persistent link: https://www.econbiz.de/10012624753