rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit …The theory of endogenous money is the cornerstone of Post-Keynesian economics, which dates back to the pioneering … attempt to provide an alternative theoretical framework to the unsatisfactory IS/LM model, which assumed an exogenous money …

generates an endogenous money supply driven by bank lending. If banks become more optimistic over the cycle and lower their … short-term interest rate set by the central bank. His framework acknowledges the critical role of the central bank in … sector in terms of an exogenously determined interest rate set by the central bank, the model unpacks financial markets by …