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This paper analyzes the effectiveness of monetary policy on money and credit in Pakistan by using the data rich …
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risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in … how endogenous (bank credit) and central bank exogenous (quantitative easing, QE) money creation feed into the real and … "helicopter money" is given context, enabling an assessment of the efficacy of both the QE and helicopter money policy routes …
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One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments …
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