The Endogeneity of Credit Money

Basil John Moore

67 citations0/0 files storedPalgrave Macmillan UK eBooks

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

Abstract

Money is the asset generally accepted as the means of payment and medium of exchange. Money also serves as a store of value and as the unit of account in which prices are expressed. The particular assets that are bestowed with general acceptability in exchange have evolved markedly over time, and are still evolving.1 For conceptual clarity it is essential to distinguish the differences between commodity, fiat, and credit money.

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1969Investigating Causal Relations by Econometric Models and Cross-spectral Methods 1977Time Series Analysis: Forecasting and Control 1972MONEY, INCOME, AND CAUSALITY 1982Policy Analysis with Econometric Models 1977Causality in temporal systems 1990Horizontalists and Verticalists: The Macroeconomics of Credit Money 2016Short-Term Interest Rates as Predictors of Inflation: On Testing the Hypothesis that the Real Rate of Interest is Constant 1982The Scourge of Monetarism

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