MACROECONOMIC MODELS

With the transition to a system of secondary monetary standards, monetary policy turns into one of the main levers of government influence on the economy. At the macroeconomic level, there is a certain causal relationship between the amount of nominal money and the value of the gross domestic product (GDP) produced. To detect this relationship, you will need tools such as the structure of GDP, a formula for calculating the amount of money in circulation, and a macroeconomic model.