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This paper discusses recent UK monetary policies as instances of John Kenneth Galbraith’s “innocent fraud,” including … bank is possible for all banks), and the belief that the money supply can be controlled by reserves management. The origins …
Persistent link: https://www.econbiz.de/10008664033
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We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
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We provide new evidence on the short-run effect of elections on monetary aggregates. We study month-to-month fluctuations in the growth rate of M1 in a sample of 85 low and middle income democracies from 1975 to 2009. The evidence shows an increase in the growth rate of M1 during election months...
Persistent link: https://www.econbiz.de/10010491768
This paper discusses recent UK monetary policies as instances of John Kenneth Galbraith's “innocent fraud,” including … bank is possible for all banks), and the belief that the money supply can be controlled by reserves management. The origins …
Persistent link: https://www.econbiz.de/10013137427
We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies (1975-2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can neither be detected in...
Persistent link: https://www.econbiz.de/10013013236