Thornton, Daniel L. (contributor) - 2007 - Rev.
three effects on interest rates caused by an
exogenous change in the money supply. The lack of empirical support for
the … the supply of
money.
1
Despite its prominent role in theories of the monetary policy transmission
mechanism, there has … inflation expectation effect, an exogenous change in money growth eventually
leads to higher, rather than lower, equilibrium …