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 |
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Pages (from-to) | 685-704 |
Number of pages | 20 |
Journal | Cambridge Journal of Economics |
Volume | 35 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2011 Jul 1 |
Keywords
- Accommodationist
- Money endogeneity
- New Keynesian
- Post-keynesian
- Structuralist
ASJC Scopus subject areas
- Economics and Econometrics