Beck, Günter W.; Kotz, Hans-Helmut; Zabelina, Natalia - 2016 - This draft: April 27, 2016
-called "waterbed effect". This is a mediating mechanisms, dampening or counteracting typically to be expected reactions to monetary … intermediaries. We also detect, inter alia, the existence of a (still) fairly weak, but potentially policyrelevant, "waterbed" effect. …