Pinto, João Braz; Andrade, João de Sousa - In: Contemporary economics 13 (2019) 4, pp. 446-470
Keynesian case against the classical one. The "lowflation" environment experienced in the USA and Europe again brought the LT to … the forefront. The quantitative easing monetary policy was introduced in Japan and better applied in the USA and EMU as a … transformation of the monetary base into money supply. To prove our thesis, we study the behavior of the USA money multiplier and the …
