Routes of money endogeneity: A heuristic comparison

Man Seop Park

doi:10.1093/cje/beq046

Routes of money endogeneity: A heuristic comparison

Man Seop Park

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The paper sets up an analytical framework that is based on simplified balance sheets of the banking, the non-banking private and the government sectors, in order to identify four primary routes through which money can be generated endogenously and to discuss their characteristics. These routes approximate, if not precisely correspond to, the post-Keynesian accommodationist and structuralist views, the New Keynesian credit view ('bank lending channel'), and a hybrid one, respectively.

Original language	English
Pages (from-to)	685-704
Number of pages	20
Journal	Cambridge Journal of Economics
Volume	35
Issue number	4
DOIs	https://doi.org/10.1093/cje/beq046
Publication status	Published - 2011 Jul 1

Keywords

Accommodationist
Money endogeneity
New Keynesian
Post-keynesian
Structuralist

ASJC Scopus subject areas

Economics and Econometrics

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10.1093/cje/beq046

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Routes of money endogeneity: A heuristic comparison

Abstract

Keywords

ASJC Scopus subject areas

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