Answers are grounded in this paper and cite their sources.
Miles S. Kimball, The Quantitative Analytics of the Basic Neomonetarist Model, Journal of Money, Credit and Banking, Vol. 27, No. 4, Part 2: Liquidity, Monetary Policy, and Financial Intermediation (Nov., 1995), pp. 1241-1277
No takes yet. Share an insight, caveat, or question.
Miles Kimball (1995) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: