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008			170731sjan. bl ||||gr |0|| 0 eng d
100	1		_aPALLEY, Thomas I. _955446
245	1	0	_aThe theory of endogenous money and the LM schedule : _bprelude to a reconstruction of ISLM
260			_aSão Paulo : _bEditora 34, _c2017
520	3		_aMoney is at the center of macroeconomics, which makes understanding the money supply central for macroeconomic theory. This paper presents the Post Keynesian theory of endogenous money supply and shows how it is fundamentally different from the conventional money supply theory. The conventional approach relies on the money multiplier and bank lending is invisible. Post Keynesian theory discards the money multiplier and focuses on bank lending which drives money creation. The paper emphasizes the structuralist version of Post Keynesian theory which retains Keynes’ liquidity preference theory of long term interest rates and also recognizes banks are subject to financial constraints that limit their lending activities. The paper then shows how to derive the LM schedule in an endogenous money economy, which is a necessary prelude to reconstructing the ISLM model
773	0	8	_tRevista de Economia Política = Brazilian Journal of Political Economy _g37, 1, p. 03-22 _dSão Paulo : Editora 34, 2017 _xISSN 01013157 _w
856	4	2	_uhttp://www.rep.org.br/PDF/146-1.PDF _yAcesso
942			_cS
998			_a20170731 _b1515^b _cRebeca
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c51780 _d51780
041			_aeng