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This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...
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that inflation is more robust to changes in the velocity of money if reserve and liquidity requirements are low. Increases … in the velocity of money are associated with higher inflation rates if reserve and liquidity requirements are high. The …
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