Georg, Co-Pierre (contributor); Pasche, Markus (contributor) - 2008
In New Keynesian as well as in Post Keynesian macroeconomic models, money supply is assumed to be endogenous. The … reserves from portfolio and liquidity considerations. As a result, the money multiplier as well as the money base are … endogenously determined. Although the microeconomics of the bank behaviour is quite simple, credit and money as well as bonds …