Sobre a centralidade da teoria da preferência pela liquidez na macroeconomia pós-keynesiana

Resumo

Liquidity preference is a central concept in Post Keynesian macroeconomics since it embodies the principle that money is not neutral either in the short or in the long period. LP actually postulates that assets are accumulated by private investors according to their own-rates of interest, a measure of returns that encompasses both monetary returns and liquidity premia. The paper shows that such concept allows Post Keynesians to build theories of both the demand and the supply for money, as well as accumulation and inflation theories.