high priority needs in the life, and smaller needs can be subsequent, for progressive happiness. Money cannot bring …

Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We … state of the economy. Money reveals some of the private sector’s information to the policymaker, especially if there is a … forward looking element in money demand. We show that observing money can considerably reduce the loss that is due to …

of the Combrain will be to identify,plan&derive implementation methods for Basic Needs;Domestic Investment …

. Using this model, I demonstrate how a positive investment-saving correlation can arise in a world with endogenous fiscal … capital mobility. This implies that the observed investment- saving comovement is not necessarily due to imperfect capital … mobility. The model has a testable implication: it predicts a lack of Granger causality from private saving to private …

addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …

account, but does not affect consumption; ii) the responses of output and investment are smaller in more open economies, while … model. We find that i) government spending increases output and induces a simultaneous decline of investment and the current … we allow for habit formation in consumption. Specifically, habits are crucial for government spending to induce a …