Research Discussion Paper – RDP 7704 Money and Money–Income: An Essay on the “Transmission Mechanism”
August 1977
Contents
- Introduction
- The Transmission Mechanism in an IS-LM Context
- Money Income, Real Income, and Prices
- The Role of Inflation Expectations
- The Endogeneity of the Money Supply and Expectations
- Summary and Conclusions
- References
Endnote
The analysis and conclusions in this paper are those of the author, and are not necessarily those of the Reserve Bank of Australia. [*]