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 …

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 …

principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …-Keynesian monetary theory today is its rejection of the “natural rate of interest.” By examining the hidden assumptions of the loanable … interest version of the loanable funds theory, it quickly becomes clear that Minsky does not fall into the loanable funds camp …

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 assumptions as far as possible and use simulation experiments to …

The sharp exchanges that Keynes had with some of his critics on the loanable funds theory made it harder to appreciate … which Keynes's A Treatise on Money was a part. In the aftermath of the General Theory (GT), many of Keynes's insights in the … perhaps, of downplaying the importance of the GT. -- Keynesian Monetary Theory ; Liquidity Preference ; Wicksell ; Minsky …

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 assumptions as far as possible and use simulation experiments to …

Keynesian case against the classical one. The "lowflation" environment experienced in the USA and Europe again brought the LT to … the forefront. The quantitative easing monetary policy was introduced in Japan and better applied in the USA and EMU as a … transformation of the monetary base into money supply. To prove our thesis, we study the behavior of the USA money multiplier and the …

principles of post-Keynesian endogenous money theory. This paper argues that the most important critical component of post …-Keynesian monetary theory today is its rejection of the "natural rate of interest." By examining the hidden assumptions of the loanable … interest version of the loanable funds theory, it quickly becomes clear that Minsky does not fall into the loanable funds camp. …

Theory offered a rich analysis of the problems that appear at the zero lower bound and advocated the very same unconventional …