Endogenous Money Supply and Money Demand

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Woon Gyu Choi; Seonghwan Oh;
  • Subject: Demand for money;Economic models;Money supply;Monetary policy;Money Demand, Money Supply Endogeneity, Financial Innovation, Monetary Policy Stance, inflation, monetary economics

This paper explores the behavior of money demand by explicitly accounting for the money supply endogeneity arising from endogenous monetary policy and financial innovations. Our theoretical analysis indicates that money supply factors matter in the money demand function... View more
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