deposit multiplier การใช้

According to this model, reserves therefore impose no constraint and the deposit multiplier is therefore a myth.
Under this view, reserves therefore impose no constraints, as the deposit multiplier is simply, in the words of Kydland and Prescott ( 1990 ), a myth.
Jaromir Benes and Michael Kumhof of the IMF Research Department report that the " deposit multiplier " of the undergraduate economics textbook, where monetary aggregates are created at the initiative of the central bank, through an initial injection of high-powered money into the banking system that gets multiplied through bank lending, turns the actual operation of the monetary transmission mechanism on its head.