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Anemone, a Monetary model for Belgium

Published online by Cambridge University Press:  17 August 2016

F. Clavijo  and
A. Kervyn
F. Clavijo
Affiliation:
Université Catholique de Louvain
A. Kervyn
Affiliation:
Université Catholique de Louvain
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Extract

Monetary research has long remained an uncultivated field in Belgium. Recently however growing interest and contact with foreign research have led to the publication of a number of studies, bearing on some or all of the money flows in the economy.

These recent papers show an encouraging degree of convergence, both in their behavioural assumptions and in their interpretation of the institutional framework. They all in fact derive from the basic approach of Brunner-Metzler, where the money supply is determined by a basis-multiplier relation, as applied to an open economy where the basis partly depends on an exogenous balance of payments.

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 40 , Issue 4 , 1974 , pp. 315 - 354
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1974 

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Footnotes

*

We wish to acknowledge the help of Marc THOULEN at early stages of this project and of Jean-Pierre LEMAITRE for programming assistance.

References

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