This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic … variable, U.S. money supply, does not seem to have a significant effect on China's output. The results are supported by …

This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic … variable, U.S. money supply, does not seem to have a significant effect on China’s output. The results are supported by …

The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth … regulatory changes and mutual fund costs that affect the substitutability of money for other financial assets. In the short run …The velocity of broad Divisia money temporarily declines during crises like the Great and COVID Recessions, but later …

the law. Democratizing money will therefore ensure equal opportunity to the ownership of property, and thus full … capital via the creation of money. If the divergence between capital and labor-between rich and poor-is explained by the … monopoly access of capitalists to finance, then reducing this divergence is crucially dependent on the democratization of money …

consequences of these operations within the context of a micro-founded macroeconomic model of banking and money. We can mimic the …

Standard economic textbooks portray the money supply as exogenous. Most of these use a money multiplier framework to …, endogenous money theories attribute the determination of commercial bank lending and overall economic activity to the demand for … credit, not the supply of money. In these theories, the demand for credit determines the supply of money, which banks create …