money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

's key variable, the quantity of money …

Treatise on Money. Keynes, who had predicted that rejoining the gold standard at the prewar parity would lead to economic …

Depression and the theoretical framework Keynes presents in The General Theory, the assumption of a constant money stock …

and fiscal policies. Using a rich institutional structure that includes features such as credit money, external finance …

for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing …