English, Article edition: POST-KEYNESIAN THEORY OF MONEY - ALTERNATIVE VIEW Petr Sedláček

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Physical Description
  • article
Language
  • English

Edition details

Title
  • POST-KEYNESIAN THEORY OF MONEY - ALTERNATIVE VIEW
Author
  • Petr Sedláček
Physical Description
  • article
Notes
  • The post-Keynesian theory is an alternative view on money. The assumptions of this theory are uncertainty, historical time and importance of money. The source of money is demand of businessmen and households for credits. Money is endogenous and is determined by its demand a pulled by credits. Post-Keynesian theory is not homogenous and therefore this article deals with a horizontal and structural view of endogenous money and views of post-Keynesian proponents considering money as partly endogenous and partly exogenous. Post-Keynesian theory does not present recommendations for overall economic policy - but among the most interesting are recommendations aimed at regulation of the financial sector, banking supervision and inflation.
  • transmission mechanism, post-Keynesian theory, money supply, exogenity, endogenity
  • RePEc:prg:jnlpol:v:2002:y:2002:i:2:id:361
Language
  • English
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