About this document
Monetary Policy by Ngọc Ánh is a document available to read on EtoBox.
The document discusses how monetary policy influences aggregate demand through three main channels: the wealth effect, interest-rate effect, and exchange-rate effect. It states that in the U.S. economy, the interest-rate effect is the most important of these channels. It goes on to explain Keynes
- Author
- Ngọc Ánh
- Language
- EN