Difference between revisions of "Monetary transmission mechanism"
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Latest revision as of 17:46, 2 July 2020
Monetary transmission mechanism is the process by which changes in the money supply influence the amount that households and firms wish to spend on goods and services.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Monetary transmission mechanism. The process by which changes in the money supply influence the amount that households and firms wish to spend on goods and services.
