This view has largely been incorporated into monetary policy, which now targets the interest rate as an instrument, rather than the quantity of money; monetary circuit theory, originally developed in continental Europe, is now used by some Post-Keynesians.
This view has largely been incorporated into monetary policy. Monetary policy now targets the interest rate as an instrument, rather than the quantity of money. Monetary circuit theory is now used by some Post-Keynesians. Monetary circuit theory is originally developed in continental Europe.