On the scope of Dutch monetary policy
DOI:
https://doi.org/10.13133/2037-3643/10561Keywords:
Netherlands, Central banks, Monetary policy, Money supplyAbstract
The performance of the Netherlands central bank and its monetary policy in the face of its inability to control monetary supply is analysed through a structural model. Findings show that the monetary policy that the Dutch bank has adopted, considering the above constraint, should be fairly effective especially if there is a perfect substitutability between domestic and foreign assets. This fact, however, has not been clearly established.
JEL Codes: E52
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