Banks Money Creation and the Transmission Mechanism of Shocks
This paper investigates the implications of bank money creation by developing a New Keynesian model that incorporates price rigidity and financial frictions but without real rigidities. Banks play a dual role as intermediaries of loanable funds and creators of credit. Their unique ability to create...
I tiakina i:
| Ngā kaituhi matua: | , , |
|---|---|
| Hōputu: | Artigo |
| Reo: | Persa |
| I whakaputaina: |
Institute for Management and Planning Studies
2023-09-01
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| Rangatū: | برنامهریزی و بودجه |
| Ngā marau: | |
| Urunga tuihono: | http://jpbud.ir/article-1-2217-en.pdf |
| Ngā Tūtohu: |
Kāore He Tūtohu, Me noho koe te mea tuatahi ki te tūtohu i tēnei pūkete!
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