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Max-Planck-Institut für Ökonomik, Jena >
Jena Economic Research Papers, MPI für Ökonomik >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/31770
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| DC Field | | Value | | Language |
| dc.contributor.author | | Georg, Co-Pierre | | en_US |
| dc.contributor.author | | Pasche, Markus | | en_US |
| dc.date.accessioned | | 2008-10-28 | | en_US |
| dc.date.accessioned | | 2010-05-14T11:14:28Z | | - |
| dc.date.available | | 2010-05-14T11:14:28Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/31770 | | - |
| dc.description.abstract | | In New Keynesian as well as in Post Keynesian macroeconomic models, money supply is assumed to be endogenous. The reasons for the endogeneity and the role of the financial sector in the supply process, however, are seen very different. In this paper we explicitly derive the behaviour of the banking sector regarding the supply of loans and the demand for reserves from portfolio and liquidity considerations. As a result, the money multiplier as well as the money base are endogenously determined. Although the microeconomics of the bank behaviour is quite simple, credit and money as well as bonds demand depend on policy variables in a non-linear and non-monotonous way. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Universität Jena und Max-Planck-Institut für Ökonomik Jena | | en_US |
| dc.relation.ispartofseries | | Jena economic research papers 2008,065 | | en_US |
| dc.subject.jel | | E51 | | en_US |
| dc.subject.jel | | E44 | | en_US |
| dc.subject.jel | | B22 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Endogenous money | | en_US |
| dc.subject.keyword | | loans market | | en_US |
| dc.subject.keyword | | bonds market | | en_US |
| dc.subject.keyword | | central banking | | en_US |
| dc.subject.stw | | Geldangebot | | en_US |
| dc.subject.stw | | Bank | | en_US |
| dc.subject.stw | | Portfolio-Management | | en_US |
| dc.subject.stw | | Kreditmarkt | | en_US |
| dc.subject.stw | | Rentenmarkt | | en_US |
| dc.subject.stw | | Geldpolitik | | en_US |
| dc.subject.stw | | Ungleichgewichtstheorie | | en_US |
| dc.subject.stw | | Postkeynesianismus | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Endogenous money: on banking behaviour in new and post Keynesian models | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 583814883 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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