Abstract This scientific paper examines the relationship between macroeconomic variables whose performance is measured under implementation of Quantitative Easing in US, by estimating vector autoregression (VAR) and Impulse Response Function with monthly data from US Federal Reserve, observed during period January 1994-January 2022. Variables include: Consumer Price Index (CPIAUCSL); Industrial...

A long standing macroeconomic issue is how monetary policy a ects the real economy The lending view is that tight money a ects aggregate demand by shifting the supply schedule left in the bank loan market Previous studies have found that loans contract following tight money It is not clear whether the nancial contraction re ects a shift of the supply schedule or the demand schedule in the loan ...

Abstract A long-standing macroeconomic issue is how monetary policy affects the real economy. The lending view is that tight money affects aggregate demand by shifting the supply schedule left in the bank loan market. Previous studies have found that loans contract following tight money. It is not clear whether the financial contraction reflects a shift of the supply schedule or the demand sche...

Inflation is regarded as one of the most chronic problems in Pakistan and the recent surge of inflation (10.8) in consumer price index is a matter of serious concern in the economy [1]. Inflation imposes high cost on economies and societies; disproportionately hurts the poor and fixed income groups, creates uncertainty throughout the economy and undermines macroeconomic stability. It also resul...

The discussion below evolved out of my role as rapporteur for the conference, and is based on the papers presented at the conference not on their revised versions. 2 Interestingly, the final version of the paper, Clague,et.al.(1999), is much less focused on the first two issues noted below. Just as many others in this conference, my initial encounter with the notion of market augmenting governm...