According to the theory of money supply endogeneity, this article criticizes the theory of money multiplier, considering what so called money multiplier is just a kind of illusion.
基于货币供给内生理论，本文首先对货币乘数理论进行了批判，认为所谓货币乘数只是一种幻觉。
According to the theory of money supply endogeneity, this article criticizes the theory of money multiplier, considering what so called money multiplier is just a kind of illusion.
基于货币供给内生理论，本文首先对货币乘数理论进行了批判，认为所谓货币乘数只是一种幻觉。
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