The value of the money multiplier
▼
rose
fell
sharply around 2008. Thereafter, its value remained
▼
above 1
below 1
until the end of 2017. Post 2018, its value came close to
▼
1
1.5
0.5
.
This change in the series was because the Federal Reserve began paying interest on
▼
deposits
reserves
.
The value of the money multipliersharply around 2008.Thereafter, its value remaineduntil the end of 2017.Post 2018, its value came close to.This change in the series was because the Federal Reserve began paying interest onThis change in the series was because the Federal Reserve began paying interest on.