Endogenous versus exogenous money: Does the debate really matter?

被引：6

作者：

Sieron, Arkadiusz ^{[1
]}

机构：

[1] Univ Wroclaw, Inst Econ Sci, Wroclaw, Poland

来源：

RESEARCH IN ECONOMICS | 2019年 / 73卷 / 04期

关键词：

Endogenous money; Exogenous money; Money; Money creation; Money supply; Banks; Central banks; BANKS;

D O I：

10.1016/j.rie.2019.10.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Whether money is exogenous or endogenous is the subject of one of the most important and intriguing debates in monetary economics. The aim of this article is to contribute to this longstanding debate through detailed examination of different notions of endogeneity and exogeneity of money. I argue that the debate has been too simplified. In reality, money can be either endogenous or exogenous, depending on several factors. Not only has the debate prompted some economists to draw too far-reaching conclusions, but it also misses the point. (C) 2019 The Author. Published by Elsevier Ltd on behalf of University of Venice.

引用

页码：329 / 338

页数：10

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