In monetary macroeconomics it is important to distinguish between the real rate of interest on money and the profitability of business enterprise if the former is a monetary phenomenon as claimed by keynes the latter is in the nature of a surplus over and above the costs of production including financing costs there must therefore be an inverse relationship between the real rate of . Read the latest articles of journal of monetary economics at sciencedirectcom elseviers leading platform of peer reviewed scholarly literature. Monetary economics 2nd edition this successful text now in its second edition offers the most comprehensive overview of monetary economics and monetary policy currently available. The recent statements by eugene fama nobel laureate in economics by the way the actual title is sveriges riksbank prize in economic sciences in memory of alfred nobel on the fact that quantitative easing is neutral have puzzled many according to him qe doesnt do much
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