The paper proposes a constructive interpretation of the Post Keynesian debate between horizontalists and structuralists. Both approaches defend an endogenous money theory, but they discriminate between different analyses of the credit market and the reserve market. A more general model encompassing both approaches is presented here and some of its implications are discussed.
|Titolo:||Endogenous Money: An Analytical Approach|
|Data di pubblicazione:||2003|
|Appare nelle tipologie:||1.1 Articolo in rivista|