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The monetary transmission mechanism is the process by which asset prices and general economic conditions are affected as a result of monetary policy decisions. Such decisions are intended to influence the aggregate demand, interest rates, and amounts of money and credit to affect overall economic performance.
The transition will occur once the country meets all the euro convergence criteria; at the moment, Bulgaria does not fulfill only one single criterion – price stability (i.e. inflation). As the lev was fixed to the Deutsche Mark at par, the lev's peg effectively switched to the euro on 1 January 1999, at the rate of 1.95583 levs = 1 euro ...
In some economics textbooks, the supply-demand equilibrium in the markets for money and reserves is represented by a simple so-called money multiplier relationship between the monetary base of the central bank and the resulting money supply including commercial bank deposits. This is a short-hand simplification which disregards several other ...
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Creating money activates idle resources, mainly labor. Not doing so is immoral. Demand can be insensitive to interest rate changes, so a key mainstream assumption, that lower interest rates lead to higher demand, is questionable. There is a "free lunch" in creating money to fund government expenditure to achieve full employment.
In 2023, the FDA published a rule stating that mammogram reports sent to patients must include breast density, which should be described as either "not dense" or "dense." It took effect on Sept ...
In January 2023, a new headstone was dedicated at Joseph's grave site featuring his name and his picture, restoring the identity of the long-unknown boy on what would have been his 70th birthday.
The Fair Tax Act (H.R. 25/S. 122) is a bill in the United States Congress for changing tax laws to replace the Internal Revenue Service (IRS) and all federal income taxes (including Alternative Minimum Tax), payroll taxes (including Social Security and Medicare taxes), corporate taxes, capital gains taxes, gift taxes, and estate taxes with a national retail sales tax, to be levied once at the ...
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