Routes of Money Endogeneity: A Heuristic Comparison

Man-Seop Park

No 729, Discussion Paper Series from Institute of Economic Research, Korea University

Abstract: The paper sets up an analytical framework which 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.

JEL-codes: E12 E51 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2007
New Economics Papers: this item is included in nep-mac and nep-pke
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