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Theory of liquidity preference addresses how stakeholders value cash relative to receiving interest. It stresses the connection between rates and supply and demand.
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 ...
Patrick Bolton, Ernst-Ludwig von Thadden, Liquidity and Control: A Dynamic Theory of Corporate Ownership Structure, Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die ...
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