The economic debate 2024 - monetary policy
The RBA assumed the money supply endogenous which meant bank credit determined the domestic money supply. The following equation illustrates the domestic money supply.
The RBA assumed the money supply endogenous which meant bank credit determined the domestic money supply. The following equation illustrates the domestic money supply.
What is troubling about these views is the resignation that any renewed peace negotiation will be futile because everything that has been tried before to reach a peace agreement did not work.