STORRE
STORRE: Stirling Online Research Repository
http://hdl.handle.net/1893/22763| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Monetary policy with endogenous money and liquidity preference: a nondualistic treatment |
| Author(s): | Chick, Victoria Dow, Sheila |
| Contact Email: | s.c.dow@stir.ac.uk |
| Keywords: | endogenous money liquidity preference monetary policy |
| Issue Date: | 1-Jun-2002 |
| Date Deposited: | 21-Jan-2016 |
| 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. http://www.jstor.org/stable/4538800 |
| 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. |
| URL: | http://www.jstor.org/stable/4538800 |
| 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. |
| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
| File | Description | Size | Format | |
|---|---|---|---|---|
| 2002 Chick Dow MP in JPKE.pdf | Fulltext - Published Version | 132.95 kB | Adobe PDF | Under Embargo until 2999-12-02 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 dependent 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.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.