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FINDINGS FROM SINGLE EQUATIONS AND SMALL MODEL STUDIES
SOME EVIDENCE FROM LARGESCALE MODELS
4 other sections not shown
adjusted aggregate Andersen and Jordan assets behaviour billion capital causal Chapter constant prices consumer durable corporate credit availability credit rationing current prices demand deposits determined discount rate distributed lag dynamic simulations econometric models economic activity effects of monetary empirical endogenous error estimates evidence exert exogenous variables Federal Reserve financial sector financial stocks financial variables fiscal policy FMP model forecasts FRB St high employment household sector impact important income increase indicate influence inside lag interest rate effect interpretation investment expenditure IS-LM Keynesian large-scale models long-term Louis Review monetarist monetary base monetary policy money illusion money stock money supply Moroney and Mason nominal OECD path path coefficient policy simulations price equation quarterly quarters rate of change rate of interest real GNP real sector regression coefficients response role significant single equation specification statistical studies survey tests tion transmission mechanism unborrowed reserves W-EFU wealth effect