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https://repositorio.ipea.gov.br/handle/11058/7904Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| MONETARY POLICY IN 1968.pdf | 20.23 MB | Adobe PDF |  View/Open |
| Title: | Monetary policy in 1968 |
| Authors: | Fishlow, Albert |
| Abstract: | This paper examines three interrelated questions central to effective monetary policy in 1968: 1 the present state of excess liquidity in the economy; 2 the required rate of expansion of the money supply in 1968; 3 the implications of such expansion for the monetary budget. The current liquidity position of the economy has been argued by many to be excessive. The principal basis for such a contention seems to be the substantial divergence between the December to December increase in the means of payments -- in excess of 42 per cent -- and a rate of increase of wholesale prices of almost half as much -- 21.7 per cent. |
| metadata.dc.rights.holder: | Instituto de Pesquisa Econômica Aplicada (Ipea) |
| metadata.dc.rights.license: | É permitida a reprodução deste texto e dos dados nele contidos, desde que citada a fonte. Reproduções para fins comerciais são proibidas. |
| metadata.dc.type: | Livros |
| Appears in Collections: | Sistema Monetário. Finanças. Bancos: Livros |
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