A New Interpretation of the Mechanism for the Determination of Interest Rate and Its Policy Implications
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Don Patinkin, 1958. "Liquidity Preference and Loanable Funds : Stock and Flow Analysis," Economica, London School of Economics and Political Science, vol. 25(100), pages 300-318, November.
- Victoria Chick, 1983. "Macroeconomics after Keynes: A Reconsideration of the General Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530457, April.
- J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 209-223.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Abeti, Wilson, 2020. "The State of Ghana's Economy: A Comparative Analysis," MPRA Paper 102131, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Klausinger, Hansjörg, 2000.
"Walras' law and the IS-LM model. A tale of progress and regress,"
Department of Economics Working Paper Series
69, WU Vienna University of Economics and Business.
- Hansjoerg Klausinger, 2000. "Walras' Law and the IS-LM Model. A Tale of Progress and Regress," Department of Economics Working Papers wuwp069, Vienna University of Economics and Business, Department of Economics.
- Gianfranco Giulioni & Marcello Silvestri & Edgardo Bucciarelli, 2017. "Firms’ Finance in an Experimentally Microfounded Agent-Based Macroeconomic Model," Metroeconomica, Wiley Blackwell, vol. 68(2), pages 259-320, May.
- Mauro Boianovsky, 2005.
"Some Cambridge reactions to The General Theory: David Champernowne and Joan Robinson on full employment,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 29(1), pages 73-98, January.
- Boianovsky, Mauro, 2000. "Some Cambridge reactions to The General Theory: David Champernowne and Joan Robinson on full employment," Violette Reihe: Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung" 15/2000, University of Hohenheim, Carl von Ossietzky University Oldenburg, Evangelisches Studienwerk.
- Konstantinos Loizos, 2018. "The Financial Repression†Liberalization Debate: Taking Stock, Looking For A Synthesis," Journal of Economic Surveys, Wiley Blackwell, vol. 32(2), pages 440-468, April.
- Lefteris Tsoulfidis, 2008.
"Keynes on the Marginal Efficiency of Capital and the Great Depression,"
History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 16(3), pages 65-78.
- Tsoulfidis, Lefteris, 2008. "Keynes on the Marginal Efficiency of Capital and the Great Depression," MPRA Paper 68539, University Library of Munich, Germany, revised 2015.
- Jamee K. Moudud, 2010. "Strategic Competition, Dynamics, and the Role of the State," Books, Edward Elgar Publishing, number 4241.
- Gechert, Sebastian, 2012. "The multiplier principle, credit-money and time," MPRA Paper 34648, University Library of Munich, Germany.
- Toshio Watanabe, 2020. "Financial Instability and Effects of Monetary Policy," Bulletin of Political Economy, Bulletin of Political Economy, vol. 14(1), pages 117-145, June.
- Roos, Michael W. M., 2015. "The macroeconomics of radical uncertainty," Ruhr Economic Papers 592, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Jochen Hartwig, 2006.
"Explaining the aggregate price level with Keynes's principle of effective demand,"
Review of Social Economy, Taylor & Francis Journals, vol. 64(4), pages 469-492.
- Jochen Hartwig, 2004. "Explaining the Aggregate Price Level with Keynes's Principle of Effective Demand," KOF Working papers 04-95, KOF Swiss Economic Institute, ETH Zurich.
- Laura Alfaro & Anusha Chari & Andrew N. Greenland & Peter K. Schott, 2020. "Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time," NBER Working Papers 26950, National Bureau of Economic Research, Inc.
- Charles J. Whalen, 2012. "Post-Keynesian Institutionalism after the Great Recession," Economics Working Paper Archive wp_724, Levy Economics Institute.
- Lawrence A. Boland, 2016. "Econometrics and equilibrium models," Review of Political Economy, Taylor & Francis Journals, vol. 28(3), pages 438-447, July.
- Stephanie Bell, 1999.
"Functional Finance: What, Why, and How?,"
Economics Working Paper Archive
wp_287, Levy Economics Institute.
- Stephanie Bell, 2000. "Functional Finance: What, Why, and How?," Macroeconomics 0004031, University Library of Munich, Germany.
- Martha Campbell, 1997. "Marx and Keynes on Money," International Journal of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 65-91, September.
- Himounet, Nicolas, 2022.
"Searching the nature of uncertainty: Macroeconomic and financial risks VS geopolitical and pandemic risks,"
International Economics, Elsevier, vol. 170(C), pages 1-31.
- Nicolas Himounet, 2021. "Searching for the Nature of Uncertainty: Macroeconomic VS Financial," Working Papers 2021.05, International Network for Economic Research - INFER.
- Saad, Mohsen & Samet, Anis, 2020. "Collectivism and commonality in liquidity," Journal of Business Research, Elsevier, vol. 116(C), pages 137-162.
- Giuseppe Garofalo, 2014. "Irreducible complexities: from Gödel and Turing to the paradigm of Imperfect Knowledge Economics," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(6), pages 3463-3474, November.
- Francesco Chiacchio & Georgios Petropoulos & David Pichler, 2018. "The impact of industrial robots on EU employment and wages- A local labour market approach," Working Papers 25186, Bruegel.
- Urban Sušnik, 2016. "Janus Ante Portas," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(3), pages 417-437, September.
More about this item
Keywords
liquidity preference; supply of loanable funds; saving; determination of interest rate; insufficient effective demand;All these keywords.
JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2015-09-05 (Macroeconomics)
- NEP-MON-2015-09-05 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:66208. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.