by Summary:
Take Krugman’s Loanable Funds model of banking, add the realism that banks make loans to non-banks, and hey presto you get the real world of Endogenous Money, where change in debt (as well as change in velocity) affects aggregate demand. Illustrated with a simulation using Minsky software (download from https://sourceforge.net/p/minsky/).
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Take Krugman’s Loanable Funds model of banking, add the realism that banks make loans to non-banks, and hey presto you get the real world of Endogenous Money, where change in debt (as well as change in velocity) affects aggregate demand. Illustrated with a simulation using Minsky software (download from https://sourceforge.net/p/minsky/).
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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