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Query: faculty: "FEB" and publication year: "1983"

AuthorS.J.G. van Wijnbergen
TitleCredit policy, inflation and growth in a financially repressed economy
JournalJournal of development economics
FacultyFaculty of Economics and Business
Institute/dept.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
KeywordsEconomic growth; Credit control; Development economics
AbstractThis paper analyzes credit policy in an open economy macro-model incorporating stylized facts about the financial sector of less developed countries. The Keynes-Wicksell growth model is applied in view of the transmission channel of monetary policy into the supply side of the economy via the cost of working capital. This shows a tendency of a credit crunch to be stagflationary in the short run.
Document typeArticle
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