Monetary Variables in Macmod. A Note Concerning the Introduction of Monetary Variables in the Tanzanian Macro Economic Model : Macmod
This paper discusses the relationship between money supply and production in Tanzania, wit special reference to Macmod, the macroeconomic model for Tanzania. The relationship between money supply and production is seen as being neither direct nor simple in nature: the paper argues that the money supply does not impact production directly, but via inflation. Other things being equal, one may consequently expect money supply to influence inflation, and inflation to affect production.
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|Date of creation:||2000|
|Date of revision:|
|Contact details of provider:|| Postal: Swizerland; University of Zurich, Economic Department, Raemistrasse 71 8006 Zurich, Switzerland. 25p.|
Web page: http://www.oec.uzh.ch/
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