La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva
Un aspecto notable de la teoría heterodoxa moderna es la separación entre los modelos de crecimiento basados en la demanda y las teorías del dinero endógeno. Este artículo sugiere una posible integración entre la teoría keynesiana del multiplicador (y el supermultiplicador) y las teorías del dinero...
- Autores:
-
Cesaratto, Sergio
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2016
- Institución:
- Universidad Externado de Colombia
- Repositorio:
- Biblioteca Digital Universidad Externado de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:bdigital.uexternado.edu.co:001/12113
- Acceso en línea:
- https://bdigital.uexternado.edu.co/handle/001/12113
https://doi.org/10.18601/01245996.v18n35.04
- Palabra clave:
- teoría heterodoxa moderna
dinero endógeno
teoría keynesiana
E12
E44
E51
- Rights
- openAccess
- License
- http://purl.org/coar/access_right/c_abf2
| id |
uexternad2_4f7050abbf9eb266a0de836482588e9d |
|---|---|
| oai_identifier_str |
oai:bdigital.uexternado.edu.co:001/12113 |
| network_acronym_str |
uexternad2 |
| network_name_str |
Biblioteca Digital Universidad Externado de Colombia |
| repository_id_str |
|
| dc.title.spa.fl_str_mv |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| dc.title.translated.eng.fl_str_mv |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| title |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| spellingShingle |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva teoría heterodoxa moderna dinero endógeno teoría keynesiana E12 E44 E51 |
| title_short |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| title_full |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| title_fullStr |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| title_full_unstemmed |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| title_sort |
La financiación inicial y final en el circuito monetario y la teoría de la demanda efectiva |
| dc.creator.fl_str_mv |
Cesaratto, Sergio |
| dc.contributor.author.spa.fl_str_mv |
Cesaratto, Sergio |
| dc.subject.spa.fl_str_mv |
teoría heterodoxa moderna dinero endógeno teoría keynesiana E12 E44 E51 |
| topic |
teoría heterodoxa moderna dinero endógeno teoría keynesiana E12 E44 E51 |
| description |
Un aspecto notable de la teoría heterodoxa moderna es la separación entre los modelos de crecimiento basados en la demanda y las teorías del dinero endógeno. Este artículo sugiere una posible integración entre la teoría keynesiana del multiplicador (y el supermultiplicador) y las teorías del dinero endógeno y la financiación de Keynes. Centrándose en la versión de la teoría del circuito monetario (TCM) de Graziani, es una contribución para reconciliar la preocupación de la tcm por la financiación inicial de la producción y la preocupación de las teorías del crecimiento heterodoxas orientadas a la demanda por el financiamiento final de la demanda autónoma. |
| publishDate |
2016 |
| dc.date.accessioned.none.fl_str_mv |
2016-11-29 00:00:00 2022-09-09T21:16:13Z |
| dc.date.available.none.fl_str_mv |
2016-11-29 00:00:00 2022-09-09T21:16:13Z |
| dc.date.issued.none.fl_str_mv |
2016-11-29 |
| dc.type.spa.fl_str_mv |
Artículo de revista |
| dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_2df8fbb1 |
| dc.type.coar.spa.fl_str_mv |
http://purl.org/coar/resource_type/c_6501 http://purl.org/coar/resource_type/c_6501 |
| dc.type.coarversion.spa.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| dc.type.content.spa.fl_str_mv |
Text |
| dc.type.driver.spa.fl_str_mv |
info:eu-repo/semantics/article |
| dc.type.local.eng.fl_str_mv |
Journal article |
| dc.type.redcol.spa.fl_str_mv |
http://purl.org/redcol/resource_type/ARTREF |
| dc.type.version.spa.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
| format |
http://purl.org/coar/resource_type/c_6501 |
| status_str |
publishedVersion |
| dc.identifier.doi.none.fl_str_mv |
10.18601/01245996.v18n35.04 |
| dc.identifier.eissn.none.fl_str_mv |
2346-2450 |
| dc.identifier.issn.none.fl_str_mv |
0124-5996 |
| dc.identifier.uri.none.fl_str_mv |
https://bdigital.uexternado.edu.co/handle/001/12113 |
| dc.identifier.url.none.fl_str_mv |
https://doi.org/10.18601/01245996.v18n35.04 |
| identifier_str_mv |
10.18601/01245996.v18n35.04 2346-2450 0124-5996 |
| url |
https://bdigital.uexternado.edu.co/handle/001/12113 https://doi.org/10.18601/01245996.v18n35.04 |
| dc.language.iso.spa.fl_str_mv |
spa |
| language |
spa |
| dc.relation.bitstream.none.fl_str_mv |
https://revistas.uexternado.edu.co/index.php/ecoins/article/download/4704/5477 https://revistas.uexternado.edu.co/index.php/ecoins/article/download/4704/5725 |
| dc.relation.citationedition.spa.fl_str_mv |
Núm. 35 , Año 2016 : Julio-Diciembre |
| dc.relation.citationendpage.none.fl_str_mv |
78 |
| dc.relation.citationissue.spa.fl_str_mv |
35 |
| dc.relation.citationstartpage.none.fl_str_mv |
47 |
| dc.relation.citationvolume.spa.fl_str_mv |
18 |
| dc.relation.ispartofjournal.spa.fl_str_mv |
Revista de Economía Institucional |
| dc.relation.references.spa.fl_str_mv |
Allain, O. “Tackling the instability of growth: A Kaleckian-Harrodian model with an autonomous expenditure component”, Cambridge Journal Economics 39 5, 2015, pp. 1351-71. Arestis, P. y M. Sawyers, eds. A handbook of alternative monetary economics, Cheltenham, Edward Elgar, 2006. Barba, A. y M. Pivetti. “Rising household debt: Its causes and macroeconomic implications – A long-period analysis”, Cambridge Journal of Economics 33, 1, 2009, pp. 113-137. Bertocco, G. “The role of credit in a Keynesian monetary economy”, Review of Political Economy 17, 4, 2005, pp. 489-511. Bertocco, G. “Global saving glut and housing bubble: A critical analysis”, Economia Politica 31, 2, 2014, pp. 195-218. Bougrine, H. y M. Seccareccia, “Money, taxes, public spending, and the state within a circuitist approach”, International Journal of Political Economy 32, 3, 2004, pp. 58-79. Borio, C. “The international monetary and financial system: Its Achilles heel and what to do about it”, BIS working papers 456, 2014. Bossone, B. “Circuit theory and finance”, Journal of Banking & Finance 25, 2001, pp. 857-890. Bindseil U. y P. J. Konig, “Basil J. Moore’s horizontalists and verticalists: An appraisal 25 years later”, Review of Keynesian Economics 1, 4, 2013, pp. 383-390. Cesaratto, S. “Harmonic and conflict views in international economic relations: A Sraffian view”, E. S. Levrero et al., eds., Sraffa and the reconstruction of economic theory, vol. II, Londres, Palgrave Macmillan, 2013a. Cesaratto, S. “The implications of TARGET2 in the European balance of payment crisis and beyond”, European Journal of Economics and Economic Policies: Intervention 10, 3, 2013b, pp. 359-382. Cesaratto, S. “Neo-Kaleckian and Sraffian controversies on the theory of accumulation”, Review of Political Economy 27 2, 2015, pp. 154-182. Cesaratto, S. “The state spends first: Logic, facts, fictions, open questions”, Journal of Post Keynesian Economics 39, 2016a, pp. 445-471. Cesaratto, S. “When Robertson was Keynesian and Keynes Robertsonian: A discussion between D. H. R. and J. M. K. in the early 1930s and the problems with the Mone¬tary Circuit Theory. A note”, Quaderni del Dipartimento di Economia Politica e Statistica 732, 2016b. Cesaratto, S. y G. Mongiovi. “Pierangelo Garegnani, the classical surplus approach and demand-led growth: Introduction to the symposium”, Review of Political Economy 27, 2, 2015, pp. 103-110. Chick, V. 2000, “Money and effective demand”, J. Smithin, ed., What is money, Londres, Routledge. Dalziel, P C. “The Keynesian multiplier, liquidity preference, and endogenous money”, Journal of Post Keynesian Economics 18 3, 1996, pp. 311-131. Dalziel, P. C. y G. C. Harcourt. “A note on ‘Mr Meade’s relation’ and international capital movements”, Cambridge Journal of Economics21 5, 1997, pp. 621-631. Davidson, P. 1978, Money and the real world, 2nd ed., Londres, Macmillan. Davidson, P. “Finance, funding, saving, and investment”, Journal of Post Keynesian Economics 9, 1, 1986, pp. 101-110. Febrero, E. “El circuito monetario”, documentos de trabajo, Facultad de Ciencias Económicas y Empresariales, serie 1, n°. 10, 2001, [https://www.researchgate.net/profile/Eladio_Febrero/publications/]. Febrero, E. “The monetization of profits in a monetary circuit framework”, Review of Political Economy 20, 1, 2008, pp. 111-125. Febrero, E. y F. Bermejo. “Spain during the great recession”, O. Dejuán et al., eds., Post-Keynesian views of the crisis and its remedies, Londres, Routledge, 2013. Febrero, E. y J. Uxo. “Understanding TARGET2 imbalances from an endogenous money view”, Departamento de Economía y Finanzas, Universidad de Castilla-La Mancha, DT/DAEF 2013/2, 2013. Freitas, F. y F. Serrano. “Growth rate and level effects, the adjustment of capacity to demand and the Sraffian supermultiplier”, Review of Political Economy 27 3, 2015, pp. 258-¬281. Fontana, G. y M. Sawyer. “Towards Post-Keynesian ecological macroeconomics”, Ecological Economics 121, 2016, pp. 186-195. Garegnani, P. “The problem of effective demand in Italian economic development: On the factors that determine the volume of investment”, Review of Political Economy, 27 2, 2015, pp. 111-133 traducción de la segunda parte de Il problema della domanda effettiva nello sviluppo economico italiano, Roma, SVIMEZ, 1962. Gnos, C. “French Circuit Theory”, P, Arestis y M. Sawyer, eds., A handbook of alternative monetary economics, Cheltenham, Edward Elgar, 2006. Gnos, C. y L.-P. Rochon. “Money creation and the state”, International Journal of Polit¬ical Economy 32 3, 2004, pp. 41-57. Graziani, A. “The theory of the monetary circuit”, Economies et Sociétés 24 6, 1990, pp. 7-36. Graziani, A. La teoria monetaria della produzione, Banca popolare dell’Etruria e del Lazio/Studi e ricerche, Florencia, 1994. Graziani, A. The monetary theory of production, Cambridge, UK, Cambridge University Press, 2003. Hein, E. “Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model”, PSL Quarterly Review 65, 260, 2012, pp. 11-51. Hicks, J. R. A contribution to the theory of the trade cycle, Oxford, UK, Clarendon Press, 1950. Jakab, Z. y M. Kumhof. “Banks are not intermediaries of loanable funds - And why this matters”, Bank of England working paper 529, 2015. Keynes, J. M. 1930, A treatise on money, vol. I, “The pure theory of money”, reimpreso en The collected Writings of John Maynard Keynes, D. Moggridge ed., vol. V, part I, Macmillan, Londres, 1971. Keynes, J. M. The general theory of employment, interest and money, Londres, Macmillan, 1936. Keynes, J. M. “Alternative theories of the rate of interest”, Economic Journal 47, 1937a, pp. 241-52, reimpreso en D. Moggridge, ed., The collected writings of J. M. Keynes, vol. XIV, part II, Londres, Macmillan, 1973. Keynes, J. M. “The ‘ex ante’ theory of the rate of interest”, Economic Journal 47, 1937b, pp. 663-69, reimpreso en D. Moggridge, ed., The collected writings of J. M. Keynes, vol. XIV, part II, Londres, Macmillan, 1973. Keynes, J. M. “Mr Keynes and ‘Finance’”, Economic Journal 48, 1938, pp. 318-322, reimpreso en D. Moggridge, ed., The collected writings of J. M. Keynes, vol. XIV, part II, Londres, Macmillan, 1973. Lavoie, M. Foundations of Post-Keynesian economic analysis, Aldershot, Edward Elgar, 1992. Lavoie, M. “A primer in endogenous credit-money”, L. P. Rohon y S. Rossi, eds., Modern theories of money. The nature and role of money in capitalist economies, Cheltenham, Edward Elgar, 2005. Lavoie, L. “The monetary and fiscal nexus of neo-Chartalism: A friendly critical look”, Journal of Economic Issues 47, 1, 2013, pp. 1-32. Lavoie, M. “Convergence towards the normal rate of capacity utilization in neo- Kaleckian models: The role of non-capacity creating autonomous expenditures”, Metroeconomica 67 1, 2015a, pp. 172-201. Lavoie, M. “What post-Keynesian economics has brought to an understanding of the global financial crisis”, Progressive Economics Forum at the Annual Conference of the Canadian Economics Association, Toronto, mayo de 2015b, [www.boeckler.de/ pdf/v_2015_10_24_lavoie.pdf]. Lazzarini, A. 2011, Revisiting the Cambridge capital theory controversies, Pavía, Pavia University Pres. McLeay, M.; R. Amar y T. Ryland. “Money creation in the modern economy”, Bank of England, Quarterly Bulletin, 54, 1, 2014, pp. 1-14. Moore, B. J. “Unpacking the Post Keynesian black box: Bank lending and the money supply”, Journal of Post Keynesian Economics 5, 4, 1983, pp. 537-56. Moore, B. J. Horizontalists and verticalists. The macroeconomics of credit money, Cambridge, UK, Cambridge University Press, 1988. Pariboni, R. “Autonomous consumption, household debt and growth: A supermultiplier based analysis”, R. Paribonei, Autonomous demand and capital accumulation: Three essays on heterodox growth theory, tesis de doctorado, Department de Economía Política y Estadística, Universidad de Siena, 2015. Passarella V., M. y M. Sawyer. “Financialisation in the circuit”, FESSUD working paper series 18, 2014. Pivetti, M. “Money endogeneity and monetary non-neutrality: A Sraffian perspective”, L.-P. Rochon y M. Vernengo, eds. Credit, interest rates and the open economy, Cheltenham, Edward Elgar, 2001. Realfonzo, R. “Italian circuitist approach”, P. Arestis y M. Sawyer, eds., The handbook of alternative monetary economics, Cheltenham, Edward Elgar, 2006. Rochon, L.-P. “The creation and circulation of endogenous money: A circuit dynamique approach”, Journal of Economic Issues 33, 1, 1999, pp. 1-21. Rochon, L.-P. “On money and endogenous money: Post Keynesian and Circulation approaches”, L.-P. Rochon y S. Rossi, eds., Modern theories of money: The nature and role of money in capitalist economies, Cheltenham, Edward Elgar, 2003. Rochon, L.-P. “The existence of monetary profits within the monetary circuit”, G. Fontana y R. Realfonzo, eds., The monetary theory of production, Londres, Palgrave Macmillan, 2005. Rochon, L.-P. y S. Rossi, eds. Modern theories of money: The nature and role of money in capitalist economies, Cheltenham, Edward Elgar, 2003. Sawyer, M. “Bank-based versus market-based financial systems: A critique of the dichotomy”, FESSUD working paper series 19, 2014. Smithin, J. Money, enterprise and income distribution: Towards a macroeconomic theory of capitalism, Oxon, Routledge, 2009. Terzi, A. Economia monetaria, Milán, EDUCatt, 2012. Wicksell, K. Lectures on Political Economy, vol. II: “Money”, traducción de la 3.a edición sueca de 1929, Londres, Routledge and Kegan Paul, 1935, Wray, L. R. “Saving, profits, and speculation in capitalist economies”, Journal of Economic Issues 25, 4, 1991, pp. 951-975. Wray, L. R. Understanding modern money, Cheltenham, Edward Elgar, 1998. Wray, L. R. 2011, “The S&P downgrade: Much ado about nothing because a sovereign government cannot go bankrupt”, [http://wallstreetpit.com/71874-the-sp-down- grade-much-ado-about-nothing-because-a-sovereign-government-cannot-go-bankrupt/]. |
| dc.rights.accessrights.spa.fl_str_mv |
info:eu-repo/semantics/openAccess |
| dc.rights.coar.spa.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
| dc.rights.uri.spa.fl_str_mv |
https://creativecommons.org/licenses/by-nc-sa/4.0/ |
| eu_rights_str_mv |
openAccess |
| rights_invalid_str_mv |
http://purl.org/coar/access_right/c_abf2 https://creativecommons.org/licenses/by-nc-sa/4.0/ |
| dc.format.mimetype.spa.fl_str_mv |
application/pdf text/html |
| dc.publisher.spa.fl_str_mv |
Universidad Externado de Colombia |
| dc.source.spa.fl_str_mv |
https://revistas.uexternado.edu.co/index.php/ecoins/article/view/4704 |
| institution |
Universidad Externado de Colombia |
| bitstream.url.fl_str_mv |
https://bdigital.uexternado.edu.co/bitstreams/437c5058-828e-4ddc-b8ad-9bc1928aab2f/download |
| bitstream.checksum.fl_str_mv |
062e83ee293e6e4fd5337162a2e03e6f |
| bitstream.checksumAlgorithm.fl_str_mv |
MD5 |
| repository.name.fl_str_mv |
Universidad Externado de Colombia |
| repository.mail.fl_str_mv |
metabiblioteca@metabiblioteca.org |
| _version_ |
1814100342459072512 |
| spelling |
Cesaratto, Sergiob975109d-6a5b-4743-ae70-ff8da0784b4a2016-11-29 00:00:002022-09-09T21:16:13Z2016-11-29 00:00:002022-09-09T21:16:13Z2016-11-29Un aspecto notable de la teoría heterodoxa moderna es la separación entre los modelos de crecimiento basados en la demanda y las teorías del dinero endógeno. Este artículo sugiere una posible integración entre la teoría keynesiana del multiplicador (y el supermultiplicador) y las teorías del dinero endógeno y la financiación de Keynes. Centrándose en la versión de la teoría del circuito monetario (TCM) de Graziani, es una contribución para reconciliar la preocupación de la tcm por la financiación inicial de la producción y la preocupación de las teorías del crecimiento heterodoxas orientadas a la demanda por el financiamiento final de la demanda autónoma.application/pdftext/html10.18601/01245996.v18n35.042346-24500124-5996https://bdigital.uexternado.edu.co/handle/001/12113https://doi.org/10.18601/01245996.v18n35.04spaUniversidad Externado de Colombiahttps://revistas.uexternado.edu.co/index.php/ecoins/article/download/4704/5477https://revistas.uexternado.edu.co/index.php/ecoins/article/download/4704/5725Núm. 35 , Año 2016 : Julio-Diciembre78354718Revista de Economía InstitucionalAllain, O. “Tackling the instability of growth: A Kaleckian-Harrodian model with an autonomous expenditure component”, Cambridge Journal Economics 39 5, 2015, pp. 1351-71. Arestis, P. y M. Sawyers, eds. A handbook of alternative monetary economics, Cheltenham, Edward Elgar, 2006. Barba, A. y M. Pivetti. “Rising household debt: Its causes and macroeconomic implications – A long-period analysis”, Cambridge Journal of Economics 33, 1, 2009, pp. 113-137. Bertocco, G. “The role of credit in a Keynesian monetary economy”, Review of Political Economy 17, 4, 2005, pp. 489-511. Bertocco, G. “Global saving glut and housing bubble: A critical analysis”, Economia Politica 31, 2, 2014, pp. 195-218. Bougrine, H. y M. Seccareccia, “Money, taxes, public spending, and the state within a circuitist approach”, International Journal of Political Economy 32, 3, 2004, pp. 58-79. Borio, C. “The international monetary and financial system: Its Achilles heel and what to do about it”, BIS working papers 456, 2014. Bossone, B. “Circuit theory and finance”, Journal of Banking & Finance 25, 2001, pp. 857-890. Bindseil U. y P. J. Konig, “Basil J. Moore’s horizontalists and verticalists: An appraisal 25 years later”, Review of Keynesian Economics 1, 4, 2013, pp. 383-390. Cesaratto, S. “Harmonic and conflict views in international economic relations: A Sraffian view”, E. S. Levrero et al., eds., Sraffa and the reconstruction of economic theory, vol. II, Londres, Palgrave Macmillan, 2013a. Cesaratto, S. “The implications of TARGET2 in the European balance of payment crisis and beyond”, European Journal of Economics and Economic Policies: Intervention 10, 3, 2013b, pp. 359-382. Cesaratto, S. “Neo-Kaleckian and Sraffian controversies on the theory of accumulation”, Review of Political Economy 27 2, 2015, pp. 154-182. Cesaratto, S. “The state spends first: Logic, facts, fictions, open questions”, Journal of Post Keynesian Economics 39, 2016a, pp. 445-471. Cesaratto, S. “When Robertson was Keynesian and Keynes Robertsonian: A discussion between D. H. R. and J. M. K. in the early 1930s and the problems with the Mone¬tary Circuit Theory. A note”, Quaderni del Dipartimento di Economia Politica e Statistica 732, 2016b. Cesaratto, S. y G. Mongiovi. “Pierangelo Garegnani, the classical surplus approach and demand-led growth: Introduction to the symposium”, Review of Political Economy 27, 2, 2015, pp. 103-110. Chick, V. 2000, “Money and effective demand”, J. Smithin, ed., What is money, Londres, Routledge. Dalziel, P C. “The Keynesian multiplier, liquidity preference, and endogenous money”, Journal of Post Keynesian Economics 18 3, 1996, pp. 311-131. Dalziel, P. C. y G. C. Harcourt. “A note on ‘Mr Meade’s relation’ and international capital movements”, Cambridge Journal of Economics21 5, 1997, pp. 621-631. Davidson, P. 1978, Money and the real world, 2nd ed., Londres, Macmillan. Davidson, P. “Finance, funding, saving, and investment”, Journal of Post Keynesian Economics 9, 1, 1986, pp. 101-110. Febrero, E. “El circuito monetario”, documentos de trabajo, Facultad de Ciencias Económicas y Empresariales, serie 1, n°. 10, 2001, [https://www.researchgate.net/profile/Eladio_Febrero/publications/]. Febrero, E. “The monetization of profits in a monetary circuit framework”, Review of Political Economy 20, 1, 2008, pp. 111-125. Febrero, E. y F. Bermejo. “Spain during the great recession”, O. Dejuán et al., eds., Post-Keynesian views of the crisis and its remedies, Londres, Routledge, 2013. Febrero, E. y J. Uxo. “Understanding TARGET2 imbalances from an endogenous money view”, Departamento de Economía y Finanzas, Universidad de Castilla-La Mancha, DT/DAEF 2013/2, 2013. Freitas, F. y F. Serrano. “Growth rate and level effects, the adjustment of capacity to demand and the Sraffian supermultiplier”, Review of Political Economy 27 3, 2015, pp. 258-¬281. Fontana, G. y M. Sawyer. “Towards Post-Keynesian ecological macroeconomics”, Ecological Economics 121, 2016, pp. 186-195. Garegnani, P. “The problem of effective demand in Italian economic development: On the factors that determine the volume of investment”, Review of Political Economy, 27 2, 2015, pp. 111-133 traducción de la segunda parte de Il problema della domanda effettiva nello sviluppo economico italiano, Roma, SVIMEZ, 1962. Gnos, C. “French Circuit Theory”, P, Arestis y M. Sawyer, eds., A handbook of alternative monetary economics, Cheltenham, Edward Elgar, 2006. Gnos, C. y L.-P. Rochon. “Money creation and the state”, International Journal of Polit¬ical Economy 32 3, 2004, pp. 41-57. Graziani, A. “The theory of the monetary circuit”, Economies et Sociétés 24 6, 1990, pp. 7-36. Graziani, A. La teoria monetaria della produzione, Banca popolare dell’Etruria e del Lazio/Studi e ricerche, Florencia, 1994. Graziani, A. The monetary theory of production, Cambridge, UK, Cambridge University Press, 2003. Hein, E. “Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model”, PSL Quarterly Review 65, 260, 2012, pp. 11-51. Hicks, J. R. A contribution to the theory of the trade cycle, Oxford, UK, Clarendon Press, 1950. Jakab, Z. y M. Kumhof. “Banks are not intermediaries of loanable funds - And why this matters”, Bank of England working paper 529, 2015. Keynes, J. M. 1930, A treatise on money, vol. I, “The pure theory of money”, reimpreso en The collected Writings of John Maynard Keynes, D. Moggridge ed., vol. V, part I, Macmillan, Londres, 1971. Keynes, J. M. The general theory of employment, interest and money, Londres, Macmillan, 1936. Keynes, J. M. “Alternative theories of the rate of interest”, Economic Journal 47, 1937a, pp. 241-52, reimpreso en D. Moggridge, ed., The collected writings of J. M. Keynes, vol. XIV, part II, Londres, Macmillan, 1973. Keynes, J. M. “The ‘ex ante’ theory of the rate of interest”, Economic Journal 47, 1937b, pp. 663-69, reimpreso en D. Moggridge, ed., The collected writings of J. M. Keynes, vol. XIV, part II, Londres, Macmillan, 1973. Keynes, J. M. “Mr Keynes and ‘Finance’”, Economic Journal 48, 1938, pp. 318-322, reimpreso en D. Moggridge, ed., The collected writings of J. M. Keynes, vol. XIV, part II, Londres, Macmillan, 1973. Lavoie, M. Foundations of Post-Keynesian economic analysis, Aldershot, Edward Elgar, 1992. Lavoie, M. “A primer in endogenous credit-money”, L. P. Rohon y S. Rossi, eds., Modern theories of money. The nature and role of money in capitalist economies, Cheltenham, Edward Elgar, 2005. Lavoie, L. “The monetary and fiscal nexus of neo-Chartalism: A friendly critical look”, Journal of Economic Issues 47, 1, 2013, pp. 1-32. Lavoie, M. “Convergence towards the normal rate of capacity utilization in neo- Kaleckian models: The role of non-capacity creating autonomous expenditures”, Metroeconomica 67 1, 2015a, pp. 172-201. Lavoie, M. “What post-Keynesian economics has brought to an understanding of the global financial crisis”, Progressive Economics Forum at the Annual Conference of the Canadian Economics Association, Toronto, mayo de 2015b, [www.boeckler.de/ pdf/v_2015_10_24_lavoie.pdf]. Lazzarini, A. 2011, Revisiting the Cambridge capital theory controversies, Pavía, Pavia University Pres. McLeay, M.; R. Amar y T. Ryland. “Money creation in the modern economy”, Bank of England, Quarterly Bulletin, 54, 1, 2014, pp. 1-14. Moore, B. J. “Unpacking the Post Keynesian black box: Bank lending and the money supply”, Journal of Post Keynesian Economics 5, 4, 1983, pp. 537-56. Moore, B. J. Horizontalists and verticalists. The macroeconomics of credit money, Cambridge, UK, Cambridge University Press, 1988. Pariboni, R. “Autonomous consumption, household debt and growth: A supermultiplier based analysis”, R. Paribonei, Autonomous demand and capital accumulation: Three essays on heterodox growth theory, tesis de doctorado, Department de Economía Política y Estadística, Universidad de Siena, 2015. Passarella V., M. y M. Sawyer. “Financialisation in the circuit”, FESSUD working paper series 18, 2014. Pivetti, M. “Money endogeneity and monetary non-neutrality: A Sraffian perspective”, L.-P. Rochon y M. Vernengo, eds. Credit, interest rates and the open economy, Cheltenham, Edward Elgar, 2001. Realfonzo, R. “Italian circuitist approach”, P. Arestis y M. Sawyer, eds., The handbook of alternative monetary economics, Cheltenham, Edward Elgar, 2006. Rochon, L.-P. “The creation and circulation of endogenous money: A circuit dynamique approach”, Journal of Economic Issues 33, 1, 1999, pp. 1-21. Rochon, L.-P. “On money and endogenous money: Post Keynesian and Circulation approaches”, L.-P. Rochon y S. Rossi, eds., Modern theories of money: The nature and role of money in capitalist economies, Cheltenham, Edward Elgar, 2003. Rochon, L.-P. “The existence of monetary profits within the monetary circuit”, G. Fontana y R. Realfonzo, eds., The monetary theory of production, Londres, Palgrave Macmillan, 2005. Rochon, L.-P. y S. Rossi, eds. Modern theories of money: The nature and role of money in capitalist economies, Cheltenham, Edward Elgar, 2003. Sawyer, M. “Bank-based versus market-based financial systems: A critique of the dichotomy”, FESSUD working paper series 19, 2014. Smithin, J. Money, enterprise and income distribution: Towards a macroeconomic theory of capitalism, Oxon, Routledge, 2009. Terzi, A. Economia monetaria, Milán, EDUCatt, 2012. Wicksell, K. Lectures on Political Economy, vol. II: “Money”, traducción de la 3.a edición sueca de 1929, Londres, Routledge and Kegan Paul, 1935, Wray, L. R. “Saving, profits, and speculation in capitalist economies”, Journal of Economic Issues 25, 4, 1991, pp. 951-975. Wray, L. R. Understanding modern money, Cheltenham, Edward Elgar, 1998. Wray, L. R. 2011, “The S&P downgrade: Much ado about nothing because a sovereign government cannot go bankrupt”, [http://wallstreetpit.com/71874-the-sp-down- grade-much-ado-about-nothing-because-a-sovereign-government-cannot-go-bankrupt/].info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2https://creativecommons.org/licenses/by-nc-sa/4.0/https://revistas.uexternado.edu.co/index.php/ecoins/article/view/4704teoría heterodoxa modernadinero endógenoteoría keynesianaE12E44E51La financiación inicial y final en el circuito monetario y la teoría de la demanda efectivaLa financiación inicial y final en el circuito monetario y la teoría de la demanda efectivaArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Textinfo:eu-repo/semantics/articleJournal articlehttp://purl.org/redcol/resource_type/ARTREFinfo:eu-repo/semantics/publishedVersionPublicationOREORE.xmltext/xml2563https://bdigital.uexternado.edu.co/bitstreams/437c5058-828e-4ddc-b8ad-9bc1928aab2f/download062e83ee293e6e4fd5337162a2e03e6fMD51001/12113oai:bdigital.uexternado.edu.co:001/121132023-08-14 15:00:46.398https://creativecommons.org/licenses/by-nc-sa/4.0/https://bdigital.uexternado.edu.coUniversidad Externado de Colombiametabiblioteca@metabiblioteca.org |