Alternativní postkeynesovské modely determinace peněžní zásoby

Alternative post-keynesian models of money supply determination

Aleš Krejdl

Politická ekonomie, 2003, vol. 2003, issue 2, 263-285

Abstract: This article presents three competing models of money supply determination as derived in Palley (1996). Two of the models can be considered post-keynesian in nature and identified with accommodationist and structuralist approach to money endogeneity. Post-keynesian models are contrasted with orthodox money multiplier model. Presentation of the models enables not only to derive hypothesis for empirical testing but also to compare the two post-keynesian models. The accommodationist and structuralist models are not viewed as mutually inconsistent but rather as complements. Scope for potential synthesis and future research is indicated.

Keywords: post-Keynesianism; money endogeneity; money supply determination; credit demand and credit supply (search for similar items in EconPapers)
JEL-codes: B59 E40 E51 (search for similar items in EconPapers)
Date: 2003
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DOI: 10.18267/j.polek.404

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