Franco Modigliani found that the most important transmission mechanisms of monetary policy involve consumer expenditure. Describe how

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Franco Modigliani found that the most important transmission mechanisms of monetary policy involve consumer expenditure. Describe how at least two of these mechanisms work.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:34 AM

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Nobel Prize winner Franco Modigliani found that the most important transmission mechanisms of monetary policy involve consumer expenditure. Describe how at least two of these mechanisms work.
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Franco Modigliani found that the most important transmission mechanisms of monetary policy involve consumer expenditure. Describe how

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