This paper introduces a generalized money (M2) multiplier formula to the literature for a monetary system with Reserve … Option Mechanism (ROM). Various features of the proposed multiplier are then explored using monthly Turkish data during the … multiplier with the adoption of ROM. We provide evidence for substantial change in the seasonal pattern of the multiplier, cash …

the money multiplier model/strict money-rule model) and the interest rate-focused model. The former only exists in theory … to say goodbye to the money multiplier …

supply and monetary base via money multiplier. To this aim, the nonlinear autoregressive distributed lag (ARDL) model by Shin … supply determination process via the linkage of the money multiplier under expansionary and contractionary monetary policies … supply determination process is endogenous with an unstable money multiplier for Japan for M1. However, this endogeneity in …

We model the behaviour of banks as a main driver of the changing components of the money multiplier (MM). So we provide …

's (1981) unpleasant monetarist arithmetic, the closely connected fiscal theory of the price level (FTPL), and the monetarist …

In this paper, we investigate whether the money multiplier process has a stable or forecastable characteristics in … authority. Besides, the sub-components of money multipliers give no support to a stable money multiplier process, thus do not …