Money Supply

From early 2021 through mid- 2022, surging inflation occurred alongside an increasing level of corporate profits. Politicians like Elizabeth Warren and some economists, such as Isabel Weber, smelt a rat. …

Federal Reserve oversaw a huge increase in the money supply through the pandemic that, coupled with vast … skeptical of such an interpretation. Other than money supply growth, the growth of total spending depends …

We develop a theory of labor markets with four features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Inefficient job separations occur in the form of …

when monetary policy is conducted either via money supply (Online Appendix II.1) or an interest rate-based …

The authorities’ commitment to fiscal discipline and macroeconomic stability is paying off. The economy is growing, inflation is on a steady downward trend, investor confidence is improving, donor support is …

monetary policy stance targeting a decline in the money supply in inflation-adjusted terms. This has required …

This paper investigates the effects of climate shocks on inflation and monetary policy in the Middle East and Central Asia (ME&CA) region. We first introduce a theoretical model to understand …

system and can ultimately influence the country’s money supply. When the central bank sells such instruments …

Against the backdrop of a rapidly digitalizing world, there is a growing interest in central bank digital currencies (CBDCs) among central banks, including in the Middle East and Central Asia …

. . . .... 16 Figure 15. Composition of M2 Money Supply. . . . . . . . . . . . . . . . . . . . . . … share between 1 and 10 percent of the total money supply. Using the model by Gross and Letizia (2023) … could attain a significant share of the total money supply, particularly in cash-reliant economies. In … only substitute for a small share of the total money supply (about 1.1 percent). An unremunerated checking … Deposits CBDC Cash Figure 15. Composition of M2 Money Supply (Current baseline versus simulation) 1.2 0.0 …

We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium …

Asymmetric effects of positive and negative money-supply shocks. The Quarterly Journal of Economics 107 … empirical evidence on the asymmetric effects of money-supply shocks: Positive vs. negative or big vs. small …

After that the focus is on the new dynamism in the Euro- pean Union in the second half of the 1980s and the Delors Report. [...] At the end of …

such as Milton Friedman (1973), emphasising the money supply and not budgetary policy as the main determinant … exchange-rate pegs, bigger countries started using the money supply as an intermediate target of mone- tary policy … Schlesinger became president, set its first money-supply target in December 1974, for the year 1975. …

As decentralization is a cross-cutting concept, there are many ways to measure it. This short note aims to unpack the concepts of decentralization by conducting a global literature review. It …

citizenship and immigration; culture; currency and money supply; defense; economic activity; pre-tertiary education; …

As decentralization is a cross-cutting concept, there are many ways to measure it. This short note aims to unpack the concepts of decentralization by conducting a global literature review. It …

citizenship and immigration; culture; currency and money supply; defense; economic activity; pre-tertiary education; …

The evidence suggests that monetary policy transmission is asymmetric over the business cycle. Interacting financing frictions with a preference for liquidity provides an explanation for this fact. Our mechanism generates …

representative agent model in which shocks to money supply affect the quantity of loanable funds available … policy affect the real economy? An increase in money supply raises the quantity of loanable funds available … channel a larger fraction of this increase in money supply into the banking sector, as they are reluctant … this constraint could be alleviated by using money supply rather than interest rate rules. Monetary policy … policy is determined by the following money supply rule: +1 =  +  ¡  −  ¢ − ( − ) +  …