Stephen M. Miller uses money multiplier models to calculate the impact Edlin and Jaffee's proposal to sharply reduce excess banking reserves would have on the total supply of credit.
Ed. by Cragg, Michael / Edlin, Aaron S. / Jaffee, Dwight / Stiglitz, Joseph / Zwiebel, Jeffrey
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Comment on Edlin and Jaffee: Back to Basics
Stephen M Miller
1University of Nevada, Las Vegas
Citation Information: The Economists' Voice. Volume 6, Issue 9, Pages –, ISSN (Online) 1553-3832, DOI: 10.2202/1553-3832.1586, September 2009
Publication History:
- Published Online:
- 2009-09-30
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