Aggregare Savings, Finance and Investment (Carvalho)

Aggregate savings, finance and investment by Fernando J. Cardim de Carvalho (02/2012). “In sum, finance, from a Keynesian perspective, is therefore a far more complex function than merely intermediating saving or capital. Finance creates and distributes liquidity. Investment, like consumption, relies on the possibility of paying for the desired goods, so an appropriate rendition of how investment comes into existence requires a proper understanding (including measurement) of how finance is created and allocated…”Verificar em: