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 |
| _version_ | 1827313584030351360 |
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| author | Bruno Bonizzi Annina Kaltenbrunner |
| author_facet | Bruno Bonizzi Annina Kaltenbrunner |
| author_sort | Bruno Bonizzi |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-24T22:11:13Z |
| format | Article |
| id | doaj.art-221fa55893b647ec935c28b19c3410bc |
| institution | Directory Open Access Journal |
| issn | 2059-5999 |
| language | English |
| last_indexed | 2024-04-24T22:11:13Z |
| publishDate | 2020-01-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Finance and Society |
| spelling | doaj.art-221fa55893b647ec935c28b19c3410bc2024-03-20T08:20:11ZengCambridge University PressFinance and Society2059-59992020-01-016768610.2218/finsoc.v6i1.4411Critical macro-finance, Post Keynesian monetary theory and emerging economiesBruno Bonizzi0Annina Kaltenbrunner1University of Hertfordshire, UKUniversity of Leeds, UKIn 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.https://www.cambridge.org/core/product/identifier/S2059599900000868/type/journal_article |
| spellingShingle | Bruno Bonizzi Annina Kaltenbrunner Critical macro-finance, Post Keynesian monetary theory and emerging economies Finance and Society |
| title | Critical macro-finance, Post Keynesian monetary theory and emerging economies |
| title_full | Critical macro-finance, Post Keynesian monetary theory and emerging economies |
| title_fullStr | Critical macro-finance, Post Keynesian monetary theory and emerging economies |
| title_full_unstemmed | Critical macro-finance, Post Keynesian monetary theory and emerging economies |
| title_short | Critical macro-finance, Post Keynesian monetary theory and emerging economies |
| title_sort | critical macro finance post keynesian monetary theory and emerging economies |
| url | https://www.cambridge.org/core/product/identifier/S2059599900000868/type/journal_article |
| work_keys_str_mv | AT brunobonizzi criticalmacrofinancepostkeynesianmonetarytheoryandemergingeconomies AT anninakaltenbrunner criticalmacrofinancepostkeynesianmonetarytheoryandemergingeconomies |