| Term | Definition | |------|-------------| | | Monetary base = Currency held by public + Bank reserves | | Money multiplier | Ratio of money supply to high-powered money (m = Ms/H) | | Liquidity trap | When interest rates are near zero, monetary policy becomes ineffective (Keynesian concept) | | OMO | Purchase/sale of govt securities by central bank to inject/absorb liquidity |
The text " Monetary Economics: Institutions, Theory, and Policy sb gupta monetary economics pdf 182 hot
Tell me the you're looking for (e.g., Money Multiplier, Keynesian Demand). Share the exam or syllabus you are studying for. | Term | Definition | |------|-------------| | |