by Summary:
This video builds a Loanable Funds model of lending, and then converts it to Endogenous Money by simply attributing the ownership of loans to the banking sector rather than to a non-bank agent. It illustrates the importance of including banks, debt and money in macroeconomic models–and emphasizes that models which don’t have all 3 facets ...
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Steve Keen considers the following as important:
This could be interesting, too:
This video builds a Loanable Funds model of lending, and then converts it to Endogenous Money by simply attributing the ownership of loans to the banking sector rather than to a non-bank agent. It illustrates the importance of including banks, debt and money in macroeconomic models–and emphasizes that models which don’t have all 3 facets ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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