|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Monetary policy with endogenous money and liquidity preference: a nondualistic treatment|
|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.|
|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|
|2002 Chick & Dow MP in JPKE.pdf||132.95 kB||Adobe PDF||Under Embargo until 31/12/2999 Request a copy|
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