A monetary model for Greece (1960-1982)

Ερωτόκριτος Βαρελάς


The principal purpose of this model has been to formulate a monetary model for Greece that allows output, prices, the overall balance of payments, the fiscal budged and money to be determined simultaneously. The model proposed here, stresses the crucial role played by the demand for money and monetary disequilibrium in the behavior of such major macroeconomic variables.


Monetary policy; Economic conditions

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