From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory

Stefano Figuera

Chapter 8 in The Political Economy of Monetary Circuits, 2009, pp 138-160 from Palgrave Macmillan

Abstract: Abstract At the time of writing, 70 years after Hicks (1937) began his reinterpretation of Keynes’s theory, a new neoclassical synthesis is taking shape. Keynes’s theory is still acknowledged as valid on a short-term basis, while in the long run the conclusions of the neoclassical point of view are deemed correct.

Keywords: Interest Rate; Monetary Policy; Central Bank; Banking System; Money Supply (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24572-3_8

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DOI: 10.1057/9780230245723_8

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