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Monetary orthodoxy and heterodoxy: the question of currency neutrality

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  • Maria de Lourdes Rollemberg Mollo

Abstract

The paper reviews the controversies on the neutrality/non-neutrality of money in the History of Economic Thought establishing criteria for the classification of orthodoxy and heterodoxy, especially in what concerns monetary issues. The article emphasizes the non-neutrality of money on the perspective of the Marxian monetary theory of inflation, making its point on the differences of the Monetarist theory of inflation. JEL Classification: E4; E5; E11; E12; E40; E50.

Suggested Citation

  • Maria de Lourdes Rollemberg Mollo, 2004. "Monetary orthodoxy and heterodoxy: the question of currency neutrality," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(3), pages 323-345.
    • Handle: RePEc:ekm:repojs:v:24:y:2004:i:3:p:323-345:id:750
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/750/2062
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    More about this item

    Keywords

    Currency; neutrality of money; non-neutrality of money; monetary orthodoxy; monetary heterodoxy;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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