Browsing Department of Politics, People & Place by Subject "Quantity constraints"
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Reconsidering the role of interest rates in monetary policy: An empirical examination of the relationship between interest rates and nominal GDP growth in the U.S., U.K., Germany and Japan (Article)The rate of interest – the price of money – is said to be a key policy tool. Economics has in general emphasised prices. This theoretical bias results from the axiomatic-deductive methodology centring on equilibrium. Without ...