What people are saying - Write a review
We haven't found any reviews in the usual places.
C0UNTERBALANCING BY 0PEN MARKET SALES
1 other sections not shown
accumulation Alesina amount Aschheim asset bank reserves Blinder bond financing Buiter central bank commercial banks held conservative contemporary Counterbalancing monetization counterbalancing open market credit controls currency debt financing decrease direct government spending direct monetization Dornbusch and Fischer effective fractional reserve banking government bonds high-powered money ibid increased RRs industrial countries inflationary consequences key equation Keynes Keynesian Lotsberg and Westman method of counterbalancing minimum RRs monetarist monetary aggregates monetary base monetary control monetary policy monetization and direct monetization with direct money aggregate money financing money multiplier money stock money supply growth nominal GNP nominal interest rate noninflationary monetization normal money supply open market operations open market sales outstanding debt stock political problem public debt ratio real growth rate real interest rate reduced reserve deposit accounts reserve requirements result says sector seigniorage Spaventa sum total Sveriges Riksbank Sweden Swedish Tobin Treasury trend velocity yearly budget deficit yearly deficits