Bomfim, Antúlio N. - 2003
one
where the market for loanable funds clears. Alternatively, in the monetary
economics literature, one can think of (t …
followed by the central bank, or, in the traditional Keynesian economics
literature, as that value of the short rate that … (1999) and Bom m (2003). In terms of the economics of the model, (t)
can be thought of as where market participants think …