rolling-window dynamic multiplier analysis using the error-correction framework for the U.S. economy between 1978q1 to 2013q4 …

stability of the money multiplier, utilizing methodological procedures that allow for the explicit consideration of regime shift … bias in the specification of the model and the empirical estimation. The study found the existence of a stable long run … multiplier frame work is satisfied for Nigeria. Also, the spate of quantitative easing by the Central Bank of Nigeria to …

trillion. The effect of reserve balances in simple macroeconomic models often comes through the money multiplier, affecting the … money. Nevertheless, some academic research and many textbooks continue to use the money multiplier concept in discussions … the standard multiplier model or the bank lending channel. In particular, if the level of reserve balances is expected to …