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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
New Version of IS-LM: Neoclassical Monetarism
Author(s)
Gürhan Uysal
Full-Text PDF
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DOI:10.17265/2328-7144/2019.03.004
Affiliation(s)
Ondokuz Mayıs University, Samsun, Turkey
ABSTRACT
This
study argues three policies for economies. The aim of those policies is to
increase total demand by money supply. Global economy currently faces lack of
money in markets and recession effect. First, neomerchantalism is to use
national currency in bilateral trade. Second, limited money supply is to supply
money to sub-regions of economy. Third, neoclassical monetary uses channels in
monetary supply. Channels in NCM policy are financial banks and firms.
Financial banks and firms distribute money into business markets. Global
economies may apply propositions of NCM currently to refresh economies with
money.
KEYWORDS
neoclassical monetary, central bank, money supply, neomerchantalism
Cite this paper
Economics World, May-Jun. 2019, Vol.7, No.3, 140-145 doi: 10.17265/2328-7144/2019.03.004
References
Skousen, M. (2014). History of economic thought. Ankara: Adres Publishing.
Uysal, G. (2012). Neomerchantalism and stagflation: Stopping recession. Ordu SMMMO Bülten Journal, 32, 42-43.
Uysal, G. (2014). Neomerchantalism theory: National currency and IMF. Journal of Business and Economics, 5(12), 249-251.