Prospective monetary policy and the empirical relation between money and output
β Scribed by John F. Boschen; Leonard O. Mills
- Book ID
- 116099869
- Publisher
- Elsevier Science
- Year
- 1985
- Tongue
- English
- Weight
- 373 KB
- Volume
- 17
- Category
- Article
- ISSN
- 0165-1765
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
The possibility that the effect of monetary policy on output may depend on whether credit conditions are tight or loose can be expressed as a non-linearity in the relation between real money supply and output, of which a simple case is a threshold effect. In this case, consistent with the credit-rat
## Abstract This paper aims at contributing to the understanding of how the ECB conducts monetary policy as seen from a money market perspective. More specifically it covers two different issues. First, it looks at the βlearning periodβ for banks since the Eurosystem started implementing the single