Keynes's theory of liquidity preference and his debt management and monetary policies
论证凯恩斯本质上是货币经济学家，其核心政策结论是当局应控制长期利率以促进投资、增长和就业，并运用流动性偏好理论解释二战期间的债务管理、货币和国际金融政策。
This paper seeks to bolster the view that Keynes was a monetary economist concerned primarily with monetary and not fiscal policy. His most fundamental policy conclusion for national economies was that the authorities could control the long-term rate of interest and should do so to promote investment, growth and employment. Keynes's theory of liquidity preference is presented as a theory of money as a store of value that leads to this fundamental policy conclusion. The theory is then applied to explain the debt management, monetary and international financial policies that were adopted in World War II. Copyright 2006, Oxford University Press.