Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/31770 
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dc.contributor.authorGeorg, Co-Pierreen
dc.contributor.authorPasche, Markusen
dc.date.accessioned2008-10-28-
dc.date.accessioned2010-05-14T11:14:28Z-
dc.date.available2010-05-14T11:14:28Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2008,065en
dc.subject.jelE51en
dc.subject.jelE44en
dc.subject.jelB22en
dc.subject.ddc330en
dc.subject.keywordEndogenous moneyen
dc.subject.keywordloans marketen
dc.subject.keywordbonds marketen
dc.subject.keywordcentral bankingen
dc.subject.stwGeldangeboten
dc.subject.stwBanken
dc.subject.stwPortfolio-Managementen
dc.subject.stwKreditmarkten
dc.subject.stwRentenmarkten
dc.subject.stwGeldpolitiken
dc.subject.stwUngleichgewichtstheorieen
dc.subject.stwPostkeynesianismusen
dc.subject.stwTheorieen
dc.titleEndogenous money: on banking behaviour in new and post Keynesian models-
dc.typeWorking Paperen
dc.identifier.ppn583814883en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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