135
Views
17
CrossRef citations to date
0
Altmetric
Original Articles

A Post Keynesian Theory of Asset Price Inflation with Endogenous Money

Pages 227-245 | Published online: 03 Nov 2015

References

  • Arestis, P., and Howells, P. “Theoretical Reflections on Endogenous Money: The Problem with ‘Convenience Lending.’” Cambridge Journal of Economics, 1996, 20 (5), 539–551.
  • Arestis, P., and Skott, P. “Conflict, Wage Determination, and Hysteresis in U.K. Wage Determination.” Journal of Post Keynesian Economics, 1993, 15 (3), 365–386.
  • Atesoglu, H.S. “A Post Keynesian Explanation of U.S. Inflation.” Journal of Post Keynesian Economics, 1997, 19 (4), 639–649.
  • Chick, V. “Monetary Increases and Their Consequences: Streams, Backwaters and Floods.” In A. Ingham and A. M. Ulph (eds.), Demand, Equilibrium and Trade: Essays in Honour of Ivor F. Pearce. London: Macmillan, 1984. [Reprinted and cited from P. Arestis and S. Dow (eds.), On Money, Method and Keynes: Selected Essays by Victoria Chick. London: Macmillan, 1992.]
  • Chick, V. “The Evolution of the Banking System and the Theory of Saving, Investment and Interest.” Economies et Sociétés, 1986, 20 (8–9), 111–126. [Reprinted and cited from P. Arestis and S. Dow (eds.), On Money, Method and Keynes: Selected Essays by Victoria Chick. London: Macmillan, 1992.]
  • Cornwall, J., ed. After Stagflation: Alternatives to Economic Decline. Oxford: Basil Blackwell, 1984.
  • Cottrell, A. “The Endogeneity of Money and Money-Income Causality.” Scottish Journal of Political Economy, 1986, 33 (1), 2–27.
  • Crotty, J. “Financial Intermediation and the Variability of the Saving Constraint: Comment.” In R. Pollin (ed.), The Macroeconomics of Saving, Finance, and Investment. Ann Arbor: University of Michigan Press, 1997, pp. 367–379.
  • Dalziel, P. “Market Power, Inflation and Incomes Policies.” Journal of Post Keynesian Economics, 1990, 12 (3), 424–438.
  • Dalziel, P. “The Keynesian Multiplier, Liquidity Preference and Endogenous Money.” Journal of Post Keynesian Economics, 1996a, 18 (3), 311–331.
  • Dalziel, P. “The Relevance of the Keynesian Multiplier Process After Sixty Years.” History of Economics Review, 1996b, 25, 221–231.
  • Dalziel, P. “Central Banks and Monetary Control When Credit-Money Finances Investment.” Economies et Sociétés: Monnaie et Production, 1996c, 10 (2–3), 119–137.
  • Dalziel, P. “The Saving Debate in Australia and the Meaning of Capital.” In P. Arestis, G. Palma, and M. Sawyer (eds.), Capital Controversy and the History of Economic Thought: Essays in Honour of G.C. Harcourt. London: Routledge, 1997, pp. 24–37.
  • Dalziel, P. “Towards a Post Keynesian Theory of Credit-Money Inflation.” Paper presented to the Fifth Post Keynesian Workshop, Knoxville, Tennessee, June 25–July 1, 1998.
  • Dalziel, P. “A Finance Theory of Credit-Money and Inflation.” Mimeo, University of Canterbury, 1999.
  • Dalziel, P., and Harcourt, G. C. “A Note on Mr. Meade’s Relation and International Capital Flows.” Cambridge Journal of Economics, 1997, 21 (5), 621–631.
  • Darity, W. A., and Cottrell, A. F. “Meade’s General Theory Model: A Geometric Reprise.” Journal of Money, Credit, and Banking, 1987, 19 (2), 210–221.
  • Davidson, P. “Money, Portfolio Balance, Capital Accumulation and Economic Growth.” Econometrica, 1968, 36 (2), 292–321.
  • Davidson, P. Money and the Real World, 2d ed. London: Macmillan, 1978.
  • Davidson, P. “Finance, Funding, Saving, and Investment.” Journal of Post Keynesian Economics, 1986, 9(1), 101–110.
  • Dow, A. C., and Dow, S. C. “Endogenous Money Creation and Idle Balances.” In J. Pheby (ed.), New Directions in Post-Keynesian Economics. Aldershot, UK: Elgar, 1989.
  • Dow, S. C. “Speculation and the Monetary Circuit with Particular Attention to the Euro-Currency Market.” Economies et Sociétés, 1986, 20 (8–9), 95–109.
  • Dow, S. C. “Horizontalism: A Critique.” Cambridge Journal of Economics, 1996, 20 (4), 497–508.
  • Dow, S. C., and Earl, P. E. Money Matters: A Keynesian Approach to Monetary Economics. Oxford: Martin Robertson, 1982.
  • Earl, P. Monetary Scenarios: A Modern Approach to Financial Systems. Aldershot, UK: Elgar, 1990.
  • Eichner, A. S., and Kregel, J. A. “An Essay on Post-Keynesian Theory: A New Paradigm in Economics.” Journal of Economic Literature, 1975, 13 (4), 1293–1314.
  • Hewitson, G. “Post-Keynesian Monetary Theory: Some Issues.” Journal of Economic Surveys, 1995, 9 (3), 285–310.
  • Kahn, R. “The Relation of Home Investment to Unemployment.” Economic Journal, 1931, 41, 173–198.
  • Kaldor, N. “Monetarism and U.K. Monetary Policy.” Cambridge Journal of Economics, 1980, 4(4), 293–318.
  • Kaldor, N., and Trevithick, J. “A Keynesian Perspective on Money.” Lloyds Bank Review, 1981, 139, 1–19.
  • Kalecki, M. “A Macrodynamic Theory of Business Cycles.” Econometrica, 1935a, 3 (3), 327–344.
  • Kalecki, M. “The Mechanism of the Business Upswing.” Published in Polish, 1935b. [ Translated and reprinted in Selected Essays on the Dynamics of the Capitalist Economy, 1933–70. Cambridge: Cambridge University Press, 1971.]
  • Keynes, J. M. The General Theory of Employment Interest and Money. London: Macmillan, 1936.
  • Keynes, J. M. “Alternative Theories of the Rate of Interest.” Economic Journal, 1937a, 47, 241–252. [Reprinted in The Collected Works of John Maynard Keynes, vol. 14. London: Macmillan for the Royal Economic Society, 1973, pp. 201–215.]
  • Keynes, J. M. “The ‘Ex Ante’ Theory of the Rate of Interest.” Economic Journal, 1937b, 47, 663–669. [Reprinted in The Collected Works of John Maynard Keynes, vol. 14. London: Macmillan for the Royal Economic Society, 1973, pp. 215–223.]
  • Keynes, J. M. “Mr. Keynes and ‘Finance’: Reply.” Economic Journal, 1938, 48, 318–322. [Reprinted in The Collected Writings of John Maynard Keynes, vol. 14. London: Macmillan for the Royal Economic Society, 1973, pp. 229–233.]
  • Keynes, J. M. “The Process of Capital Formation.” Economic Journal, 1939, 49, 569–574. [Reprinted in The Collected Writings of John Maynard Keynes, vol. 14. London: Macmillan for the Royal Economic Society, 1973, pp. 306–318.]
  • Kregel, J. A., ed, Inflation and Income Distribution in Capitalist Crisis: Essays in Memory of Sidney Weintraub. London: Macmillan, 1989.
  • Meade, J. E. “A Simplified Model of Mr. Keynes’ System.” Review of Economic Studies, 1937, 4 (1), 98–107.
  • Meade, J. E. “The Relation of Mr. Meade’s Relation to Kahn’s Multiplier.” Economic Journal, 1993, 103, 664–665.
  • Minsky, H. John Maynard Keynes. London: Macmillan, 1976.
  • Minsky, H. Inflation, Recession and Economic Policy. Sussex, UK: Wheatsheaf, 1982. [Published in the United States as Can ‘It’ Happen Again? Essays on Instability and Finance. Armonk: M.E. Sharpe, 1982.]
  • Minsky, H. Stabilizing an Unstable Economy. New Haven, CT: Yale University Press, 1986.
  • Moore, B.J. Horizontalists and Verticalists: The Macroeconomics of Credit Money. Cambridge: Cambridge University Press, 1988.
  • Moore, B.J. “Money Supply Endogeneity: ‘Reserve Price Setting’ or ‘Reserve Quantity Setting’?” Journal of Post Keynesian Economics, 1991, 13 (3), 404–413.
  • Moore, B.J. “The Slope of the Money Supply Relationship and Keynes’ Finance Motive.” Paper presented to the Fifth Post Keynesian Workshop, Knoxville, Tennessee, June 25–July 1, 1998.
  • Palley, T. I. “The Endogenous Money Supply: Consensus and Disagreement.” Journal of Post Keynesian Economics, 1991, 13 (3), 397–403.
  • Pollin, R. “Two Theories of Money Supply Endogeneity: Some Empirical Evidence.” Journal of Post Keynesian Economics, 1991, 13 (3), 366–396.
  • Pollin, R. “Financial Intermediation and the Variability of the Saving Constraint.” In R. Pollin (ed.), The Macroeconomics of Saving, Finance, and Investment. Ann Arbor: University of Michigan Press, 1997, pp. 309–365.
  • Robinson, J. “Quantity Theories Old and New: A Comment.” Journal of Money, Credit and Banking, 1970, 2 (4), 504–512.
  • Rochon, L.-P. “Keynes’ Finance Motive: A Reassessment. Credit, Liquidity Preference and the Rate of Interest.” Review of Political Economy, 1997, 9 (3), 277–293.
  • Rowthorn, R. E. “Conflict, Inflation and Money.” Cambridge Journal of Economics, 1977, 1 (3), 215–239.
  • Tobin, J. “A General Equilibrium Approach to Monetary Theory.” Journal of Money, Credit, and Banking, 1969, 1 (1), 15–29.
  • Tobin, J., and Brainard, W. C. “Pitfalls in Financial Model Building.” American Economic Review, 1968, 58 (2), 99–122.
  • Wallich, H. C., and Weintraub, S. “A Tax-Based Incomes Policy.” Journal of Economic Issues, 1971, 5(1), 1–19.
  • Weintraub, S., and Davidson, P. “Money as Cause and Effect.” Economic Journal, 1973, 83, 1117–1132.
  • Wray, L. R. Money and Credit in Capitalist Economies: The Endogenous Money Approach. Aldershot, UK: Elgar, 1990.
  • Wray, L. R. “Savings, Profits, and Speculation in Capitalist Economies.” Journal of Economic Issues, 1991, 25 (4), 951–975.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.