Summary lending data comprising total approved, disbursed and undisbursed amounts together with borrower obligation (outstanding & overdue amounts) of all current developmental IDA credits as of the d
This paper examines the connection between money and the terms of trade in the context of a simple monetary equilibrium model with flexible prices. Money is held for transactions purposes. Because car
The propositions that monetary expansion lowers short-term nominal interest rates (the liquidity effect), and that monetary policy does not have long-run real effects (long-run neutrality), are widely
