Portfolio and Consumption Decisions: Towards a Model of the Transmission Process
AbstractThis paper argues that a key difference between the monetarists and the neo-Keynesians is their respective views about how monetary policy works. Both views are shown to be special cases of the integrated model developed. The model is presented in such a form that it is a relatively straightforward empirical exercise to test for the relative merits of the two special cases. Preliminary evidence for Australia is presented.
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 212.
Date of creation: 1976
Date of revision:
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- Sajjad Akhtar & Sajid Manzoor, 1994. "The Demand for Financial Assets in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 33(2), pages 135-146.
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