I thought I'd aggregate the price level vs monetary base (which I've shown before at this link) and nominal output vs monetary base data into graphs and compare them with their expected behavior in the information transfer model (using 100 aggregated economies each built from 100 random markets based on the results
Share this post
Output and price level behavior across…
Share this post
I thought I'd aggregate the price level vs monetary base (which I've shown before at this link) and nominal output vs monetary base data into graphs and compare them with their expected behavior in the information transfer model (using 100 aggregated economies each built from 100 random markets based on the results