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Monetary Variables in Macmod. A Note Concerning the Introduction of Monetary Variables in the Tanzanian Macro Economic Model : Macmod

Author

Listed:
  • Granberg, P.

Abstract

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.

Suggested Citation

  • Granberg, P., 2000. "Monetary Variables in Macmod. A Note Concerning the Introduction of Monetary Variables in the Tanzanian Macro Economic Model : Macmod," Papers 2000:2, Universitat Zurich - Wirtschaftswissenschaftliches Institut.
    • Handle: RePEc:fth:zuriwi:2000:2
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    More about this item

    Keywords

    ECONOMIC MODELS ; MACROECONOMICS;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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