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If the origin of money were purely private, these shocks should have had no monetary effects.
These fake accounts create, in the words of Variety, "a shadow army of followers that has comparatively little monetary effect.
(In effect it "sterilized" the monetary effect).
But monetary effect is one thing.
The effect of this realization may likely cause a decline in small sized, $.99 apps as a whole.
If real-world interest rates are determined independent of a central bank's monetary policy, the effect of monetary policy on economic growth is correspondingly reduced".
His monetary economics publications include articles on the effects of monetary policy, and on the fiscal theory of the price level.
We found that these positive effects of monetary incentives may not generalize to non-monetary incentives.
We investigate the effects of monetary policy on the short-run and long-run equilibrium; especially, we consider a stabilizing effect of monetary policy when the steady state is unstable.
The recession-fighting effects of monetary expansion, however, are not limited to the housing market.
But the effects of monetary policy on the wider economy are small.
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CEO of Professional Science Editing for Scientists @ prosciediting.com