Economics Dictionary of ArgumentsHome
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| Money supply: Money supply refers to the total amount of money in circulation within an economy at a given time. It includes physical currency, such as coins and notes, along with demand deposits and other liquid assets. Central banks regulate money supply to influence economic conditions and manage inflation. See also Money, Monetarism, Demand for money, Inflation, Central bank._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Keynesianism on Money Supply - Dictionary of Arguments
Mause I 222f Money Supply/Keynesianism/KeynesianismVsFisher: From the perspective of recent Keynesian approaches, the commercial banking sector (...) could provide the money supply that is needed from the right side of the equation... M x V = Y real x P Y = Y nom. M: Money supply - V: Speed of circulation - P: Price level - T: Transactions - Y: Gross domestic product ... - i.e. from the amount produced and the prevailing prices - by reducing or expanding the production of bank deposits accordingly. In this case, the causal chain is completely reversed; it now runs from right to left in Fisher's traffic equation. If this is the case, other explanations for observable economic or inflation fluctuations must be provided and the direction of monetary policy must be adjusted accordingly._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Keynesianism Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Keynesianism
> Counter arguments in relation to Money Supply
