What people are saying - Write a review
We haven't found any reviews in the usual places.
The Cambridge Economic Policy Group Model
16 other sections not shown
actual additional adjustment approach assets assumed assumption authorities balance sheet bank lending Bank of England banking sector behaviour bonds changes chapter coefficients condition Consequently consistent Constant correlation debt demand Dependent deposits determined discussed domestic Economic effect elasticities equation equilibrium error estimation examine exchange rate exogenous expected expenditure Figure flow forecasts foreign currency foreign rate function given held holdings identity impact included income increase inflation interest rates intervention lagged liabilities loans long-run Mean monetary monetary base negative non-bank private sector notes notes and coins obtained performance period portfolio positive PREDICTED produces PSBR public sector quantity quarter rate of interest ratio refers relative relevant reported representing reserves residuals respect rise seasonal significant similar simulation specified statistics sterling supply Table tests treated variables various wealth