Is the money-multiplier model still useful for policymakers? If not, why not?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:12 AM

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Is the money-multiplier model still useful for policymakers? If not, why not?

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The since the financial crisis began in 2007 the model has been of limited use for ...View the full answer

Money Banking and Financial Markets

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