Routes of money endogeneity: a heuristic comparison
- Authors
- Park, Man-Seop
- Issue Date
- 7월-2011
- Publisher
- OXFORD UNIV PRESS
- Keywords
- Money endogeneity; Post-Keynesian; Accommodationist; Structuralist; New Keynesian; E12; E51
- Citation
- CAMBRIDGE JOURNAL OF ECONOMICS, v.35, no.4, pp.685 - 704
- Indexed
- SSCI
SCOPUS
- Journal Title
- CAMBRIDGE JOURNAL OF ECONOMICS
- Volume
- 35
- Number
- 4
- Start Page
- 685
- End Page
- 704
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/112043
- DOI
- 10.1093/cje/beq046
- ISSN
- 0309-166X
- Abstract
- The paper sets up an analytical framework that is based on simplified balance sheets of the banking, the non-banking private and the government sectors, in order to identify four primary routes through which money can be generated endogenously and to discuss their characteristics. These routes approximate, if not precisely correspond to, the post-Keynesian accommodationist and structuralist views, the New Keynesian credit view ('bank lending channel'), and a hybrid one, respectively.
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Collections - College of Political Science & Economics > Department of Economics > 1. Journal Articles
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