Bertocco, Giancarlo; Kalajzic, Andrea - Facoltà di Economia, Università degli Studi dell'Insubria - 2014
Keynes in the General Theory, explains the monetary nature of the interest rate by means of the liquidity preference theory. The objective of this paper is twofold. First, to point out the limits of the liquidity preference theory. Second, to present an explanation of the monetary nature of the...