respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become … banks that are franchises of the ECB, (2) the secundary savings and loans banks, and (3) the tertiary investment banks. The …

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

between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test for the …-current account relationship, showing first the relationship between unemployment and final consumption, h) and then between final … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue …

consumption-based. Prosperity if measured by the increased sale of consumer durables gives a partial impression of the underlying …

increasing the labor productivity and for choice of capital-saving technologies. … especially the planners from the Central Planning Office argued that the only way out is by significant increase of investment … intensive, the uninterrupted growth requires permanently increasing share of investment in the National Income. The opposite …

As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non …-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to …

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 …