Endogenous Money, the Production Process, and Inflation Analysis

  • Davidson L
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Abstract

… ) at any point of time, eg S1 in Figure 25.3a, and if this vertical supply function shifts concomitantly to S2 every time the demand for money function exogenously shifts from D1 to D2 , then the money supply function is interdependent and the measured change in the quantity of …

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Davidson, L. (1990). Endogenous Money, the Production Process, and Inflation Analysis. In Money and Employment (pp. 374–388). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-11513-6_26

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