The liquidity preference theory: a critical analysis

Preprint OPEN
Giancarlo Bertocco; Andrea Kalajzic;
(2014)

Keynes in the General Theory, explains the monetary nature of the interest rate by means of the liquidity preference theory. The objective of this paper is twofold. First, to point out the limits of the liquidity preference theory. Second, to present an explanation of t... View more
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