rafiee, alireza
Ph.D. Student of Monetary Economics, Faculty of Economics, Management and Administrative Sciences; Semnan University
[ 1 ] - The dilemma of Rationality or Providing Efficiency in Monetary Policy Making: An Application of Arrow’s
Financial frictions inducted in the model is a new contribution to monetary economics. Herein, an analytical tool arranges monetary policymaking in the form of two steps procedure. In the first step, an appropriate amount of money supply should be assessed; and in the second step, that appropriate amount should be allocated to several sectors. The Central Bank obligates the step of assessment a...
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