|Mause I 222f
Money Supply/Keynesianism/KeynesianismVsFisher: From the perspective of recent Keynesian approaches, the commercial banking sector (...) could provide the money supply that is needed from the right side of the equation...
M x V = Y real x P Y = Y nom.
M: Money supply - V: Speed of circulation - P: Price level - T: Transactions - Y: Gross domestic product
... - i.e. from the amount produced and the prevailing prices - by reducing or expanding the production of bank deposits accordingly. In this case, the causal chain is completely reversed; it now runs from right to left in Fisher's traffic equation. If this is the case, other explanations for observable economic or inflation fluctuations must be provided and the direction of monetary policy must be adjusted accordingly._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018