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dc.contributor.authorGeorg, Co-Pierreen_US
dc.contributor.authorPasche, Markusen_US
dc.date.accessioned2008-10-28en_US
dc.date.accessioned2010-05-14T11:14:28Z-
dc.date.available2010-05-14T11:14:28Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/31770-
dc.description.abstractIn 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.isoengen_US
dc.publisherUniversität Jena und Max-Planck-Institut für Ökonomik Jenaen_US
dc.relation.ispartofseriesJena economic research papers 2008,065en_US
dc.subject.jelE51en_US
dc.subject.jelE44en_US
dc.subject.jelB22en_US
dc.subject.ddc330en_US
dc.subject.keywordEndogenous moneyen_US
dc.subject.keywordloans marketen_US
dc.subject.keywordbonds marketen_US
dc.subject.keywordcentral bankingen_US
dc.subject.stwGeldangeboten_US
dc.subject.stwBanken_US
dc.subject.stwPortfolio-Managementen_US
dc.subject.stwKreditmarkten_US
dc.subject.stwRentenmarkten_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwUngleichgewichtstheorieen_US
dc.subject.stwPostkeynesianismusen_US
dc.subject.stwTheorieen_US
dc.titleEndogenous money: on banking behaviour in new and post Keynesian modelsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn583814883en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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