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Monetary Policy with Firms’ Bank Dependence and Default Risk

In: Advances in Monetary Policy and Macroeconomics

Author

Listed:
  • Giuliana Passamani
  • Roberto Tamborini

Abstract

Among Keynes’s undeveloped, or underground, ideas that are being resurrected in a new guise are those of the ‘monetary theory of production’ (1933) and firms’ ‘finance motive’ in the demand for money (1937). With variable acknowledgement and faithfulness, these ideas are detectable in the modern macroeconomics of imperfect capital markets.

Suggested Citation

  • Giuliana Passamani & Roberto Tamborini, 2007. "Monetary Policy with Firms’ Bank Dependence and Default Risk," Palgrave Macmillan Books, in: Philip Arestis & Gennaro Zezza (ed.), Advances in Monetary Policy and Macroeconomics, chapter 2, pages 7-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-80076-2_2
    DOI: 10.1057/9780230800762_2
    as

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