Money as if Finance Mattered 2

Approaches to money and finance in economics typically discount core dynamics: monetary models often abstract from finance (e.g., monetarist or new Keynesian), while financial models tend to ignore the temporal and structural role of money (e.g., Wicksellian traditions). When money is addressed, it is frequently framed in narrowly domestic terms that privilege fiat authority while overlooking international constraints—or, conversely, in global terms that neglect the institutional capacities of governments and banking systems.

In this context, Money as if Finance Mattered workshop series focuses on developing a credit money approach that moves away from representative agent models and sectoral aggregates toward modeling a liquidity based hierarchy of dynamic, time-indexed balance sheets, positioned within interlocking relations dominated by settlement constraint.