Critical macro-finance, Post Keynesian monetary theory and emerging economies
In our contribution to this forum, we suggest that critical macro-finance (CMF) scholars and Post Keynesian monetary theorists would profit from a more explicit engagement with each other. Post Keynesian scholars would benefit from the d...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2020-01-01
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| Series: | Finance and Society |
| Online Access: | https://www.cambridge.org/core/product/identifier/S2059599900000868/type/journal_article |
| Summary: | In our contribution to this forum, we suggest that critical macro-finance (CMF)
scholars and Post Keynesian monetary theorists would profit from a more explicit
engagement with each other. Post Keynesian scholars would benefit from the
detailed empirical insights that CMF provides, particularly through its analysis
of non-bank financial institutions and the conceptual focus on liquidity and
liabilities. Meanwhile, the CMF literature would benefit from more explicit
grounding in earlier Post Keynesian concepts. In particular, the theory of
liquidity preference, the concept of the liquidity premium, and the theory of
endogenous money highlight macroeconomic issues missing from CMF
scholarship. |
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| ISSN: | 2059-5999 |