The long-run relationship between the Japanese credit and money multipliers

Mototsugu Fukushige ()

No 13-19, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: The standard argument is that while money creation and credit creation have different channels, they provide the same theoretical size of multipliers. However, there is usually some difference in practice. Consequently, in this paper we investigate the long-run relationship between the credit and money multipliers in Japan.

Keywords: Money Supply; Money Stock; Money Multiplier; Credit Multiplier (search for similar items in EconPapers)
JEL-codes: E41 E42 E51 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-08
New Economics Papers: this item is included in nep-his, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:1319

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