arbiter
JournalsPricingAccount

Precautionary Money Demand in the Economy’s Demand Curve and in the Fiscal and Monetary Multipliers: An Extension

Carlos Pateiro-Rodríguez et al.

Economies2026https://doi.org/10.3390/economies14010020article
AJG 1ABDC C
Weight
0.50

What the paper says

This paper examines, through a modified aggregate demand curve, the reduction in equilibrium income caused by the presence of precautionary demand in the money demand function. Specifically, this paper rigorously analyses the transformation of the well-known fiscal and monetary policy multipliers, β and γ, commonly found in macroeconomic theory textbooks. Ceteris paribus, an increase (decrease) in precautionary money demand reduces (increases) equilibrium income, as can be seen through the modified multipliers β and γ. Multiple contingencies that emerged suddenly between 2008 and 2023 may have altered agents’ perceptions regarding precautionary money demand. This work contributes to the adaptation of some well-established tools of macroeconomic theory to address events of this nature.

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.3390/economies14010020

Or copy a formatted citation

@article{carlos2026,
  title        = {{Precautionary Money Demand in the Economy’s Demand Curve and in the Fiscal and Monetary Multipliers: An Extension}},
  author       = {Carlos Pateiro-Rodríguez et al.},
  journal      = {Economies},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.3390/economies14010020},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Precautionary Money Demand in the Economy’s Demand Curve and in the Fiscal and Monetary Multipliers: An Extension

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.