The long-run relationship between the Japanese credit and money multipliers

Preprint OPEN
Mototsugu Fukushige;
(2013)
  • Subject: Money Supply, Money Stock, Money Multiplier, Credit Multiplier
    • jel: jel:E42 | jel:E41 | jel:E51

The standard argument is that while money creation and credit creation have different channels, they provide the same theoretical size of multipliers. However, there is usually some difference in practice. Consequently, in this paper we investigate the long-run relation... View more
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