Showing 91 - 100 of 39,381
Persistent link: https://www.econbiz.de/10003144589
This paper contrasts the orthodox approach with an alternative view on finance, saving, deficits, and liquidity. The conventional view on the cause of the current global financial crisis points first to excessive United States trade deficits that are supposed to have “soaked up” global...
Persistent link: https://www.econbiz.de/10003943083
Persistent link: https://www.econbiz.de/10011521003
Persistent link: https://www.econbiz.de/10011522772
Persistent link: https://www.econbiz.de/10011294361
We present a simple stock-ow consistent (SFC) model to discuss some recent claims made by Angel Asensio in the Journal 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...
Persistent link: https://www.econbiz.de/10011924796
The purpose of this paper is to examine the intellectual roots of monetary dominance; specifically, the view that fiscal policy is largely irrelevant to counter-cyclical macro stabilisation and long-run output growth. A first step towards monetary dominance was the monetarist reinterpretation of...
Persistent link: https://www.econbiz.de/10011926922
Persistent link: https://www.econbiz.de/10011969249
Persistent link: https://www.econbiz.de/10011720739
Persistent link: https://www.econbiz.de/10011712194