Economic impacts on the money supply process
Article Abstract:
The sensitivity of the base-multiplier model was shown to be enhanced when all of the multipliers are mede to respond to economic variables. Allowing the multipliers to respond to economic variables can yield significant sensitivity in the yield curve, opportunity costs and real income, as well a provide significant insights into the asset holding behavior. The degree of endogeneity in the money supply process is supplied by these multipliers and their movements.
Publication Name: Journal of Macroeconomics
Subject: Economics
ISSN: 0164-0704
Year: 1998
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Testing aggregate neutrality with heterogeneous sectors
Article Abstract:
A study was conducted to examine the validity of the implicit assumption in studies of the neutrality of aggregate demand policy that there are no significant differences in the parameters of industry level output functions across various sectors. The results show that sectoral effects have significant effects on aggregate output. Thus, the exclusion of sectoral effects may reverse the findings in aggregate neutrality tests.
Publication Name: Journal of Macroeconomics
Subject: Economics
ISSN: 0164-0704
Year: 1995
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