June 1, 2014 Thesis Open Access

GASHAW DESALEGN

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{
  "description": "<p>The aim of this paper is to investigate empirically the ability of Nation Bank of Ethiopia to<br>\ncontrol the stock of money supply. This investigation seems to conform to the ongoing<br>\ncontroversy surrounding the exogeneity /endogeneity hypothesis regarding the money supply i.e.<br>\nthe controllability/non-controllability of the money supply by the Central Bank. The paper has first<br>\ntested the money multiplier model which says money is exogenous and thus controllable by central<br>\nbanks. We examine the constancy and Stationarity of the money multiplier and the results<br>\nsuggest that the money multiplier remains non stationary for the entire sample period. We then<br>\ntested cointegration between money supply and monetary base and find the evidence of<br>\ncointegration between two variables. The coefficient restrictions are satisfied only partially. The<br>\nresult from this model shows it will be difficult to use the money multiplier model as a frame<br>\nwork for monetary policy</p>", 
  "license": "http://www.opendefinition.org/licenses/cc-by", 
  "creator": [
    {
      "@type": "Person", 
      "name": "GASHAW DESALEGN"
    }
  ], 
  "headline": "CAN THE MONTARY AUTORITY CONTROLE THE STOCK OF MONEY SUPPLY IN ETHIOPIA: AN EMPERICAL INVESTIGATION", 
  "image": "https://zenodo.org/static/img/logos/zenodo-gradient-round.svg", 
  "datePublished": "2014-06-01", 
  "url": "https://nadre.ethernet.edu.et/record/3031", 
  "@context": "https://schema.org/", 
  "identifier": "https://doi.org/10.20372/nadre:3031", 
  "@id": "https://doi.org/10.20372/nadre:3031", 
  "@type": "ScholarlyArticle", 
  "name": "CAN THE MONTARY AUTORITY CONTROLE THE STOCK OF MONEY SUPPLY IN ETHIOPIA: AN EMPERICAL INVESTIGATION"
}