The stability of the ratio of non-financial debt to income
The theoretical framework of monetary policy is based on a set of assumptions which have often been criticised. In particular, the relative stability of the ratio of money and of domestic non-financial debt to national product is a crucial factor affecting the choice of monetary instrument. Recent r...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10784 |