Please use this identifier to cite or link to this item:
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Monetary policy with endogenous money and liquidity preference: a nondualistic treatment
Authors: Chick, Victoria
Dow, Sheila
Contact Email:
Keywords: endogenous money
liquidity preference
monetary policy
Issue Date: 1-Jun-2002
Publisher: ME Sharpe, Inc
Citation: Chick V & Dow S (2002) Monetary policy with endogenous money and liquidity preference: a nondualistic treatment, Journal of Post Keynesian Economics, 24 (4), pp. 587-607.
Abstract: This paper builds on a synthesis of endogenous money and liquidity preference theory to address the mechanisms by which monetary policy takes effect. We focus on the United Kingdom, under a range of institutional arrangements. Rather than operating solely by means of "the" exogenous interest rate, we consider the real process by which the central bank exerts its influence on the banking system, and how that is transmitted to the credit market and the money market. The focus is on process rather than equilbrium, and on the state of expectations, departing from the usual dualism between the interest rate and the money supply.
Type: Journal Article
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: University College London

Files in This Item:
File Description SizeFormat 
2002 Chick & Dow MP in JPKE.pdf132.95 kBAdobe PDFUnder Embargo until 31/12/2999     Request a copy

Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependant on the depositor still being contactable at their original email address.

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.