Financial-sector shocks in a credit-view model

Burton Abrams

Economics Letters, 2011, vol. 112, issue 3, 256-258

Abstract: A variation of the Bernanke-Blinder credit-view model reveals that holding constant the money supply following various financial-sector shocks, including an autonomous drop in the money multiplier, is insufficient to prevent aggregate demand from decreasing.

Keywords: Credit-view; model; Monetary; policy; Money-supply; model (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Working Paper: Financial-Sector Shocks in a Credit-View Model (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:3:p:256-258

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