| traditional model | money demand model | |
| real economic activity | N/A | increase |
| Stock in DC | up | up |
| DC | down (depreciation) | up (appreciation)(*) |
DC: Domestic Currency
(*) due to an increase in the demand for the domestic currency
Tuesday, May 11, 2010
money demand model and traditional model
DC: Domestic Currency
(*) due to an increase in the demand for the domestic currency
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