Advances in Endogenous Money Analysis

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Editor-in-Chief, Challenge, Founding Editor Emeritus, Review of Keynesian Economics and Director, Monetary Policy Institute and Sergio Rossi, Full Professor of Economics, University of Fribourg, Switzerland

• Contents:Introduction: the need to discuss endogenous money againLouis-Philippe Rochon and Sergio RossiPART I ENDOGENOUS MONEY IN THE REAL WORLD1. Money endogeneity before central banking: perspectives from monetary historyJane Knodell2. Modern central bank operations: the general principlesScott T. Fullwiler3. The theory of endogenous money and the LM schedule: prelude to a reconstruction of IS–LMThomas I. Palley4. Money and interest rate determination in a system with no reserve requirementsSergio Rossi5. New insights on the money-supply-endogeneity debate and the new ‘equity’ multiplier: some evidence from the euro areaYannis Panagopoulos and Aristotelis Spiliotis6. Liquidity, finance, and economic growth: some unresolved issues for developing economiesNoemi Levy-OrlikPART II ENDOGENOUS MONEY IN THE ECONOMIC THOUGHT7. Money endogeneity and the quantity theory: the case of commodity-moneyAllin Cottrell8. Nicholas Kaldor and the war on monetarismJohn E. King9. The principle of effective demand and the state of post-Keynesian monetary economicsColin Rogers10. Endogenous money and the tyranny of demand and supplyMalcolm Sawyer11. An evolutionary–institutionalist re-appraisal of the endogenous-money-supply theoryChristopher J. Niggle12. Interest rate determination and endogenous moneyJohn SmithinPART III ENDOGENOUS MONEY IN POST-KEYNESIAN ANALYSIS13. The analytical role of endogenous money and the horizontalist–structuralist debatePeter Docherty14. The horizontalist debate: lessons from New ZealandPaul Dalziel15. The rate of interest as a macroeconomic distribution parameter: horizontalism and post-Keynesian models of distribution and growthEckhard Hein16. Assessing some structuralist claims through a coherent stock–flow frameworkMarc Lavoie17. Horizontalism and structuralism: a suggested re-interpretationLouis-Philippe Rochon and Sergio Rossi18. An essay on horizontalism, structuralism and historical timeMark Setterfield19. A revisitation of the debate between the horizontalist and structuralist analyses of endogenous money: single-period analysis versus continuation analysisGiuseppe FontanaIndex