Routes of money endogeneity: A heuristic comparison

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)685-704
Number of pages20
JournalCambridge Journal of Economics
Volume35
Issue number4
DOIs
Publication statusPublished - 2011 Jul 15

Fingerprint

Bank lending channel
Banking
Balance sheet
Endogeneity
Post Keynesian
Government
New Keynesian
Credit
Heuristics

Keywords

  • Accommodationist
  • Money endogeneity
  • New Keynesian
  • Post-keynesian
  • Structuralist

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Routes of money endogeneity : A heuristic comparison. / Park, Man Seop.

In: Cambridge Journal of Economics, Vol. 35, No. 4, 15.07.2011, p. 685-704.

Research output: Contribution to journalArticle

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