The Endogenous Money Supply: Theory and Evidence

Thomas Palley

Chapter 7 in Post Keynesian Economics, 1996, pp 103-125 from Palgrave Macmillan

Abstract: Abstract Thus far, the focus of inquiry has been on the effect of price level adjustment on aggregate demand and supply, and on the ability of price and nominal wage adjustment to ensure full employment equilibrium. During the course of this inquiry the financial sector has been restricted to the background, and quantities of financial assets and liabilities have been taken as given. It is now time to turn to an investigation of the financial sector, and examine how the money supply and other financial magnitudes are determined. Later, in Chapter 9, this examination of the financial sector will be joined with our earlier examination of the operation of goods markets to provide a full Post Keynesian model of the determination of the level aggregate economic activity.

Keywords: Interest Rate; Money Supply; Monetary Authority; Bank Lending; Federal Fund Rate (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-37412-6_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230374126

DOI: 10.1057/9780230374126_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().