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period at the zero bound for the nominal interest rate, the collapse in investment and low inflation, in spite of the very …
Persistent link: https://www.econbiz.de/10011095309
We review the main arguments put forward against the horizontalist view of endogenous credit and money and an exogenous rate of interest under the control of monetary policies. We argue that the structuralist arguments put forward in favour of an endogenously increasing interest rate when...
Persistent link: https://www.econbiz.de/10008564512
This research article focuses on the impact of Monetary Policy on GDP. GDP no doubt is affected by the Monetary Policy of the state. The research papers of various authors have been studied in this regard to prove the Hypothesis and after in depth analysis by applying Regression Analysis...
Persistent link: https://www.econbiz.de/10009404627
policy reliable? will the inflation bubble explode? In this article we apply an econometric model using the Eviews software … in order to illustrate that the increase in money supply will eventually lead to inflation. This analysis is the basis to … be followed up in the future if this co-dependence relationship between money supply and inflation continues. It would …
Persistent link: https://www.econbiz.de/10010632295
This paper aims to analyze the causal relations between money supply change and inflation rate, and between the GDP … change and inflation rate. The data used is provided by the National Bank of Romania and National Institute of Statistics. We … calculated correlations between these parameters, resulting in a positive correlation between inflation rate and monetary supply …
Persistent link: https://www.econbiz.de/10010940667
A new approach to explaining the value of colonial paper money that relies on their distinctive character as bills of credit is presented. The market value of these bills is decomposed into their real asset present value and their liquidity premium value. This approach is applied to the newly...
Persistent link: https://www.econbiz.de/10010815430
This study examines the monetary model of exchange rate in Nigeria, using an Autoregressive Distributed Lag (ARDL) approach over the period 1998Q1 to 2012Q2. The estimation results show that there is long run relationship among variables of the monetary model of exchange rate for Nigeria. That...
Persistent link: https://www.econbiz.de/10011113496
Based on the framework of Bernanke & Blinader (1988) and Walsh (2003), this paper provides a concise analysis for relationship among money supply, banking lending and aggregate demand; and makes an empirical test on relationship among China¡¯s money supply, banking lending and aggregate demand...
Persistent link: https://www.econbiz.de/10010934364
We study optimal policy in a New Keynesian model at zero bound interest rate where households use cash alongside with house equity borrowing to conduct transactions. The amount of borrowing is limited by a collateral constraint. When either the loan to value ratio declines or house prices fall...
Persistent link: https://www.econbiz.de/10010643366
create deposits, deposits create reserves. Central bank plays two roles: lender of last resort and inflation supervisor … financial markets to avoid regulation, the influence of central bank to fight with inflation declines. Post-Keynesian economics …
Persistent link: https://www.econbiz.de/10004963579