During 1990s' the economy of Japan slipped into a long-sustained recession with strong deflation pressures. The aim of the paper is not to analyse this particular development in detail. It focuses on some specific aspects of macroeconomic development of the Japanese economy that gave birth to...

The money multiplier is the ratio of the stock of money (M2 in Czech Republic) to the stock of high - powered money (M0 in Czech Republic). Actual data for the money multiplier for M2 are shown that the multiplier is neither constant nor exactly predictable. I suppose the main sources of this...