It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into … despite the fact that, initially, RE-NC economics appeared to be a mainly technical extension and refinement of Monetarism …

This paper provides an overview of the role of money in modern macro models. In particular, we are focussing on New … Keynesian and New Monetarist models to investigate their main findings and most significant shortcomings in considering money … recent New Keynesian literature, we argue that keeping an eye on money is important to monetary policy decision-makers in …

targeting with inflation targeting while preserving monetarist results. In this monetarism without money, fiscal policy was not … monetary dominance was the monetarist reinterpretation of the Great Depression. In the 1990s orthodoxy replaced money supply …

Lucas (1972) was a paper that permanently changed the course of macroeconomics, even though its "money supply surprise … unfortunate side effect of this has been that, because mainstream models have no analytic room for money to play a key role in …

measures such as quantitative easing, open-market operations, helicopter money and negative interest rates are in all of these … liquidity trap, while helicopter money can be used to increase investment. The model also shows that a floor system allows a …

generate changes in the money supply with the aim of stabilizing output at full employment. He believed that the economy is … inherently unstable because of endogenous movements in money supply under a fractional-reserve banking system. In her work, Anna … Schwartz downplayed the role of monetary factors of business cycles and the role of monetary policy as a stabilization tool. We …

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 in the bonds-to-money ratio, by a decrease in productivity of capital, or … inflation rate, and that an increase in the bonds-to-money ratio is the only welfare-improving policy. …

This paper is the starting point of a series of analyses aiming at re-discovering the role of money for monetary policy … purposes. It provides an overview of the role of money in modern macro models. In particular, we are focussing on New Keynesian … and New Monetarist models to investigate their main findings and most significant shortcomings in considering money …

reassess the theory of endogenous money. The paper distinguishes between horizontalists, verticalists, and structuralists. It … argues Moore's horizontalist representation of endogenous money was an over-simplification that discarded important enduring … insights from monetary theory. The structuralist approach to endogenous money retains the basic insight that the money supply …