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008 080131s1995 bl ||||gr |0|| 0 por d
100 1 _aMERIRELLES, Antonio José
_933614
245 1 0 _aMoeda endógena e teoria monetária da produção
260 _aSão Paulo :
_bNobel,
_cjul./set. 1995
520 3 _aThe aim of this paper is to examine the compatibility of Keynes' monetary production theory with the "horizontalist" approach to the determination of the interest rates and the money supply. According to Moore the short-term interest rates are exogenously determined by central banks, so that the portfolio approach to its determination, based on the liquidity preference theory, is incorrect. Keynes' theory, on the other hand, emphasizes the nature of money as an asset, whose interest rate, endogenously determined by liquidity preference, will set the limit to the marginal efficiency of other assets. This essay suggests that the "horizontalist" approach is not compatible with Keynes's view on "money as a 'real' factor"
590 _aRevista de Economia Política 1995
590 _av. 15, n. 3(59)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g15, 3, p. 18-30
_dSão Paulo : Nobel, jul./set. 1995
_xISSN 01013157
_w
942 _cS
998 _a20080131
_b1056^b
_cMariana
998 _a20140217
_b1005^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25631
_d25631
041 _apor