Endogenous Money, Non-neutrality and Interest-sensitivity in the Theory of Long Period Unemployment

Preprint OPEN
Peter Docherty;
(2006)
  • Subject: endogenous money; money neutrality; unemployment; interest-sensitivity
    • jel: jel:E52 | jel:E40 | jel:E58

This paper investigates the role played by endogenous money in models with interest-sensitive expenditures. In particular, it examines the impact of endogenous money on a baseline neoclassical model arguing against the frequently asserted claim that traditional neoclass... View more
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