Abu, Nurudeen - In: Contemporary Economics 13 (2019) 4, pp. 446-470
solution to overcome the LT. The macroeconomic mainstream contends that the LT is essentially a money demand problem, whereas … transformation of the monetary base into money supply. To prove our thesis, we study the behavior of the USA money multiplier and the … income velocity of money by comparing an earlier period with the 2007-2008 crisis period. Using a VAR and a VECM model, we …