Les post-keynésiens et la monnaie endogène

Marc Lavoie

L'Actualité Economique, 1982, vol. 58, issue 1, 191-221

Abstract: This paper attempts to identify the peculiar aspects of post-Keynesian monetary theory. In a modern production economy, the growth of the stock of money is an essentially endogenous process. It results from the Financial needs of firms to pay out incomes to households. It follows that monetary policy is asymmetrical: central banks cannot increase the rate of growth of the money supply, they can only restrain it. Hence, inflation is never and nowhere a monetary phenomenon.

Date: 1982
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://id.erudit.org/iderudit/601019ar

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:actuec:v:58:y:1982:i:1:p:191-221

Access Statistics for this article

L'Actualité Economique is currently edited by Benoit Dostie

More articles in L'Actualité Economique from Société Canadienne de Science Economique Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Dostie ( this e-mail address is bad, please contact ).