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Monetary Policy with Endogenous Money and Liquidity Preference: A Nondualistic Treatment
5 references·12 citing·35 second hop
Monetary Policy with Endogenous Money and Liquidity Preference: A Nondualistic Treatment (2002)Monetary Policy with Endogenous Money and…Theoretical reflections on endogenous money: the problem with 'convenience lending' (1996)Theoretical reflections on en…The Evolution of the Banking System and the Theory of Saving, Investment and Interest (1992)The Evolution of the Banking …Money and the Real World (1972)Money and the Real WorldLiquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…The General Theory of Employment, Interest and Money. (1936)The General Theory of Employm…Critical macro-finance, Post Keynesian monetary theory and emerging economies (2020)Critical macro-finance, Post …Further insights on endogenous money and the liquidity preference theory of interest (2019)Further insights on endogenou…An Alternative Post-Keynesian Framework for Understanding Capital Flows to Emerging Markets (2017)An Alternative Post-Keynesian…Whatever happened to Keynes's monetary theory? 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Schumpeter, Elizabeth Boody Schumpeter (1954)History of Economic Analysis (1955)Capital flow waves: Surges, stops, flight, and retrenchment (2012)10 Years after the Global Financial Crisis: What Have We Learnt About International Capital Flows? (2017)Global Liquidity, the Private Sector and Debt Sustainability in Sub‐Saharan Africa (2019)Old colonial power in new green financing instruments. Approaching financial subordination from the perspective of racial capitalism in renewable energy finance in Senegal (2022)The General Theory of Employment, Interest and Money. (1936)Post-Keynesian Economics (2014)Post Keynesians and Circuitists on Money and Uncertainty: An Attempt at Generality (2000)The Endogenous/Exogenous Nature of South Africa’s Money Supply Under Direct and Indirect Monetary Control Measures (2000)Washington consensus and financial liberalization (2014)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Interest rates, saving, investment and growth in mexico 1960–90: Tests of the financial liberalisation hypothesis (1994)Regional Finance: A Survey (1997)Post Keynesian Approaches to Endogenous Money: A time framework explanation (2003)Does the Stock Market Overreact? (1985)Introduction: epistemic communities and international policy coordination (1992)Postwar U.S. Business Cycles: An Empirical Investigation (1997)Rational Expectations: A Fallacious Foundation for Studying Crucial Decision-Making Processes (1982)The Endogenous Flow of Credit and the Post Keynesian Theory of Money (1984)5 AN ESSAY ON POST-KEYNESIAN THEORY: A NEW PARADIGM IN ECONOMICS (1997)
this work references cited by second hop

References

  • 1936The General Theory of Employment, Interest and Money.14,486 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1972Money and the Real World830 cited
  • 1992The Evolution of the Banking System and the Theory of Saving, Investment and Interest192 cited
  • 1996Theoretical reflections on endogenous money: the problem with 'convenience lending'80 cited

Cited by

  • 2006Keynes's theory of liquidity preference and his debt management and monetary policies48 cited
  • 2017An Alternative Post-Keynesian Framework for Understanding Capital Flows to Emerging Markets43 cited
  • 2005Financial Liberalization and the Finance–Growth Nexus: What Have We Learned?25 cited
  • 2006ASSET PRICE BUBBLES, LIQUIDITY PREFERENCE AND THE BUSINESS CYCLE25 cited
  • 2019Further insights on endogenous money and the liquidity preference theory of interest23 cited
  • 2013A modified Taylor rule for the Brazilian economy: convention and conservatism in eleven years of inflation targeting (2000-2010)22 cited
  • 2020Critical macro-finance, Post Keynesian monetary theory and emerging economies22 cited
  • 2005Regional Monetary Policy21 cited
  • 2006Regional monetary policy19 cited
  • 2006

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Features of a Realistic Banking System within a Post-Keynesian Stock-flow Consistent Model
19 cited
  • 2014Whatever happened to Keynes's monetary theory?18 cited
  • 2003Toward a reconcilement of endogenous money and liquidity preference15 cited