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"Financial crisis" is sometimes regarded as synonymous with "economic crisis", but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the...
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This paper investigates the impact of the money supply in different states of inflation and economic growth in South … different states of inflation and economic growth. Moreover, the use of shock accounts for time-varying elasticity. It is found …, the money supply was insignificant. The money supply had a negative and a positive impact on inflation in states 1 and 2 …
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In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
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