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

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Jun 09, 2018 01:29 AM

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

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

Money Banking and Financial Markets

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