… mentioned, there is neither need nor place for an equilibrium condition which makes the ‘demand’ for money (whatever that may mean) equal to the supply, and which determines the rate of interest in the process. And while, in this model, expectations take on a centrally …
CITATION STYLE
Godley, W. (2012). Weaving Cloth from Graziani’s Thread: Endogenous Money in a Simple (but Complete) Keynesian Model. In The Stock-Flow Consistent Approach (pp. 81–89). Palgrave Macmillan UK. https://doi.org/10.1057/9780230353848_5
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