Ongan, Serdar; Gocer, Ismet - In: Journal of central banking theory and practice 12 (2023) 1, pp. 249-261
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 …
