Open AccessMoney, Reserves, and the Transmission of Monetary Policy: Does the Money Multiplier Exist?
Author(s) -
Seth B. Carpenter,
Selva Demiralp
Publication year - 2010
Publication title -
finance and economics discussion series
Language(s) - English
Resource type - Journals
eISSN - 2767-3898
pISSN - 1936-2854
DOI - 10.17016/feds.2010.41
Subject(s) - economics , bank reserves , money supply , open market operation , endogenous money , monetary economics , monetary policy , reserve requirement , excess reserves , monetary base , demand deposit , quantitative easing , aggregate demand , monetarism , macroeconomic model , bank rate , macroeconomics , central bank