ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Ranajoy BhattacharyyaSubscribe to Ranajoy Bhattacharyya

Monetary Policy and Stagflation

Monetary policies are traditionally viewed as having no direct effect on aggregate supply. This article argues that this view of neutrality of the supply side to monetary policies may change if we pay more attention to the role of money supply on the working capital requirements of firms.

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