Credit, Money, and Aggregate Demand
收藏NBER1988-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2534
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资源简介：
Standard models of aggregate demand treat money and credit asymmetrically; money is given a special status, while loans, bonds, and other debt instruments are lumped together in a "bond market" and suppressed by Walras' Law. This makes bank liabilities central to the monetary transmission mechanism,
提供机构：
美国国家经济研究局
创建时间：
1988-03-01
