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The Post-Keynesian "Demand for Credit' Model"

By Gillian Hewitson


This paper presents a critique of the commonly-cited post-Keynesian "demand for credit" model, which tests the hypothesis that bank lending to business is driven by the working capital needs of firms, and which has appeared to support the contention that the money supply is endogenously determined in Great Britain, South Africa, and the United States.Agriculture. Environmental Management EDIRC Provider-Institution: RePEc:edi:smlatau

OAI identifier: oai:RePEc:ltr:wpaper:1996.18
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