John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … capital asset prices, and thus investment theory, hanging. This paper extends Kregel's analysis to an examination of the role … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical "special case" interpretation, Keynes considered his liquidity preference theory of …

just like coin and notes, (2) the theory of the multiple expansion of bank deposits, (3) the currency principle according …

Abstract: In Hayek's early writings on business cycle theory and the Great Depression he argued that business cycle … downturns including the steep downturn of 1929-31 were caused by unsustainable elongations of capital structure of the economy … not follow the logic of his own theory in favoring generally increasing prices during the contraction. This paper explores …

Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert …

, with potentially significant repercussions for the world economy. In this paper, we present a detailed account of Turkey …

policy in a small open economy subject to sizable remittance fluctuations. I include rule-of-thumb households with no access … the business cycle are also part of the picture. -- remittances ; small open economy ; exchange rate regimes …