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Persistent link: https://www.econbiz.de/10005812564
consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … case for a money growth rule, and the expectations augmented Phillips curve are then taken up, followed by a discussion of …
Persistent link: https://www.econbiz.de/10010681093
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phenomenon's policy importance, and, along with his earlier analysis of employment fluctuations, provides still important …
Persistent link: https://www.econbiz.de/10005212379
. It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into …
Persistent link: https://www.econbiz.de/10010835365
addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …
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traditional approach to the theory of money that stresses its means of exchange role. It suggests that, though there are …
Persistent link: https://www.econbiz.de/10005812560
Knut Wickwell's "pure credit economy" and Michael Woodford's "cashless economy" have much in common whereas Wickwell's model was developed in order to extend an already existing theoretical framewok, Woodford's is presented as constituting, in and of itself, a foundation for the theory of...
Persistent link: https://www.econbiz.de/10005812565
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to … a lesser extent. There is some evidence that the effect of barter on prices is less than that of money. We also find …
Persistent link: https://www.econbiz.de/10005412642