Keynes’s Monetary Theory of Interest

Geoff Tily

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Economic Theory and Policy Monetary Policy and Economic Impact Economic theories and models

Abstract

Now there is no part of our economic system which works so badly as our monetary and credit arrangements; none where the results of bad working are so disastrous socially; and none where it is easier to propose a scientific solution. (J. M. Keynes: Speech to the Liberal Party, December 1923, The Collected Writings of John Maynard Keynes XIX, Vol I, pp 158-9)Full publication: Threat of fiscal dominance?

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1978The Collected Writings of John Maynard Keynes 1934The Debt-Deflation Theory of Great Depressions 1994British monetary policy, 1945-51 1955Principles of Public Finance.2011Fiscal Dominance and the Long-Term Interest Rate 1984Monetary Trends in the United States and the United Kingdom: Their Relation to Income, Prices and Interest Rates, 1867-1975.

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