Routes of money endogeneity: a heuristic comparison
基于银行、非银行私人部门和政府的简化资产负债表，识别出货币内生生成的四种主要路径，并讨论其特征，分别对应后凯恩斯主义、新凯恩斯主义等不同理论观点。
The paper sets up an analytical framework that is based on simplified balance sheets of the banking, the non-banking private and the government sectors, in order to identify four primary routes through which money can be generated endogenously and to discuss their characteristics. These routes approximate, if not precisely correspond to, the post-Keynesian accommodationist and structuralist views, the New Keynesian credit view ('bank lending channel'), and a hybrid one, respectively. Copyright The Author 2010. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.