Monetary Variables in Macmod. A Note Concerning the Introduction of Monetary Variables in the Tanzanian Macro Economic Model: Macmod

P. Granberg

Working Papers from Universitat Zurich - Wirtschaftswissenschaftliches Institut

Abstract: This paper discusses the relationship between money supply and production in Tanzania, wit special reference to Macmod, the macroeconomic model for Tanzania. The relationship between money supply and production is seen as being neither direct nor simple in nature: the paper argues that the money supply does not impact production directly, but via inflation. Other things being equal, one may consequently expect money supply to influence inflation, and inflation to affect production.

Keywords: ECONOMIC MODELS; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: E50 E52 N17 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:zuriwi:2000:2

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