Discuss the significance of the credit channel in changing aggregate demand and output. What limitations, if any,

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Discuss the significance of the credit channel in changing aggregate demand and output. What limitations, if any, on this significance are imposed by the addition of the expectations-augmented Phillips equation? What limitations, if any, on this significance are imposed by the addition of short-run money neutrality?

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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