Bank credit and money creation in a DSGE model of a small open economy
By the act of lending banks do not actually intermediate pre-accumulated real resources but rather create new financial resources in the form of deposits. Therefore, bank credit needs to be modelled as a monetary phenomenon, which directly fuels domestic demand and inflationary pressures. So far, th...
Na minha lista:
| Principais autores: | , |
|---|---|
| 格式: | Artigo |
| 語言: | Inglês |
| 出版: |
Taylor & Francis Group
2019-07-01
|
| 叢編: | Baltic Journal of Economics |
| 主題: | |
| 在線閱讀: | http://dx.doi.org/10.1080/1406099X.2019.1640958 |
| 標簽: |
沒有標簽, 成為第一個標記此記錄!
|