Conference: Money is Back

A popular assumption in monetary economics in the last ten year has been to abstract from the presence of money supply. The premise seems to be that movements in the money supply are not an important determinant of monetary policy. Much of the recent policy interventions have been about influencing the money supply.

The effect of these so-called "unconventional" measures can only be analysed with models where the money supply does play a role. Therefore, this conference was focused on discussing models where the role of money supply is addressed directly.

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