Monetary economics :an integrated approach to credit, money, income, production and wealth
Basingstoke ]England[ ; New York
Palgrave Macmillan
2007
xliii, 530 p. : ill. ; 23 cm.
Includes bibliographical references )p. 501-513( and index
Wynne Godley and Marc Lavoie
Introduction -- Balance sheets, transaction matrices and the monetary circuit -- The simplest model with government money -- Government money with portfolio choice -- Long-term bonds, capital gains and liquidity preference -- Introducing the open economy -- A simple model with private bank money -- Time, inventories, profits and pricing -- A model with private bank money, inventories and inflation -- A model with both inside and outside money -- A growth model prototype -- A more advanced open economy model -- General conclusion