Economics, Econometrics and Finance
5 years ago

Kaldor's theory challenges traditional views on money and monetary policy.

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Journal of Public Finance and Public Choice
Moneta e politica monetaria nella teoria di Kaldor
Marco Musella

Paper Summary

The article discusses Kaldor's theory on money and monetary policy. Kaldor believed that the amount of money in an economy is determined internally, while the demand for money is unpredictable. He argued against monetarism in the 1980s, highlighting the role of monetary authorities in stabilizing the economy.

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