Tuesday , October 22 2019
Home / V. Ramanan: Concerted Action / Marc Lavoie — Advances In The Post-Keynesian Analysis Of Money And Finance

Marc Lavoie — Advances In The Post-Keynesian Analysis Of Money And Finance

Summary:
Marc Lavoie — Advances In The Post-Keynesian Analysis Of Money And FinanceThere’s a new article by Marc Lavoie in a newly released book which is an interesting read. Abstract:This chapter focuses on the various monetary themes that have been emphasized by post-Keynesian economists and that turned out to have been validated by the events that occurred during and after the subprime financial crisis. These include interest rate targeting by the central bank, interest rate spreads, endogenous money, the reversed causality between reserves and money, the defensive role of central banks, the links between the central bank and the government, banks as very special financial institutions, the different role of the shadow banking system, and whether there are limits to the amounts of credit that

Topics:
V. Ramanan considers the following as important: , , ,

This could be interesting, too:

David F. Ruccio writes Impoverishing economics

Editor writes WEA Conference “GOING DIGITAL” submission deadline extended

Lars Syll writes Econometrics — junk science with no relevance whatsoever to real-world economics

Merijn T. Knibbe writes Changing the money meme

Marc Lavoie — Advances In The Post-Keynesian Analysis Of Money And Finance

There’s a new article by Marc Lavoie in a newly released book which is an interesting read. Abstract:

This chapter focuses on the various monetary themes that have been emphasized by post-Keynesian economists and that turned out to have been validated by the events that occurred during and after the subprime financial crisis. These include interest rate targeting by the central bank, interest rate spreads, endogenous money, the reversed causality between reserves and money, the defensive role of central banks, the links between the central bank and the government, banks as very special financial institutions, the different role of the shadow banking system, and whether there are limits to the amounts of credit that banks can create. The chapter analyzes unconventional monetary policies, including quantitative easing (QE), QE for the people and 100% reserves. It also discusses the consequences, for the theory of endogenous central bank money, of the adoption of a system where the target interest rate is the interest rate on reserves.

Marc Lavoie — Advances In The Post-Keynesian Analysis Of Money And Finance

Leave a Reply

Your email address will not be published. Required fields are marked *