Heterodox
Keynes’s finance, the monetary and demand-led circuits: a Sraffian assessment Working Paper n.851 - Marzo 2021Sergio Cesaratto DEPS, USiena Riccardo Pariboni DEPS, USiena Abstract This paper aims to stimulate the convergence of the Sraffian approach to demand-led growth theory with insights from monetary circuit theory and stock-flow models. The first Sraffian contribution to this convergence we...
Read More »Brian Romanchuk — Housing Bubbles And Their Financing
Housing finance is interesting, and offers an interesting take on some theoretical issues. Although the theoretical issues sound abstract, they are critical issues in economies facing a housing bubble. This article looks at one aspect of housing finance: the limit to financing is credit risk, not funding. Monetary flows in a credit-based economy are circular. Bond Economics Housing Bubbles And Their Financing Brian Romanchuk
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