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Hayek´s Accelerationism: A Rectification

Hauwe, Ludwig van den - EconWPA - 2005

The analogy between Hayekian monetary dynamics and the Friedman/Phelps accelerationist hypothesis is more problematic than some commentators have been prepared to admit.

Persistent link: https://www.econbiz.de/10005076706

FINANCIAL INTERMEDIARY IN MONETARY ECONOMICS: AN EXCERPT

Golikov, Demid - EconWPA - 2005

This is a short literature overview. (1) The literature demonstrates no coherent view on the nature of economic exchange and, in particular, provides no conventionally accepted, fully satisfactory explanation of the real effects of money. Recent developments in macroeconomics suggest a role for...

Persistent link: https://www.econbiz.de/10005126388

Carl Menger’s “Money” and the Current Neoclassical Models of Money

Schmitz, Stefan W. - EconWPA - 2002

The paper analyzes three neoclassical models of money with emphasis on the equilibrium concepts employed. It is argued that the neoclassical theories fail to analyze the emergence of the social institution of money. Instead, they focus on the consistency of individual decisions regarding the...

Persistent link: https://www.econbiz.de/10005126420

The Demand for Stored Value Payment Instruments

Ingo, Pippow; Detlef, Schoder - EconWPA - 2002

Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary...

Persistent link: https://www.econbiz.de/10005134968

RATIONAL EXPECTATIONS AND MONETARY THEORY: AN INVESTIGATIVE PAPER[1960 - 1989]

NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2005

SINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT...

Persistent link: https://www.econbiz.de/10005412739

Dynamical Elements of the Monetary Theory

Krouglov, Alexei - EconWPA - 2003

Here I depict the dynamics behind the monetary theory and define the differential equations describing the driving forces.

Persistent link: https://www.econbiz.de/10005561301

Does Temporary Agency Work Provide a Stepping Stone to Regular Employment?

Kvasnicka, Michael - EconWPA - 2005

Based on administrative data from the federal employment office in Germany, we apply matching techniques to estimate …

Persistent link: https://www.econbiz.de/10005125736

Heterogeneity and Learning in Labor Markets

Woodcock, Simon D. - EconWPA - 2005

first half of the paper, I present an equilibrium matching model where heterogeneous workers and firms learn about match … yields an assortative matching result that predicts a negative correlation between estimated person and firm effects, which … matching model implies a specific structure for the error covariance. I exploit this structure to test whether earnings …

Persistent link: https://www.econbiz.de/10005125778

Search, Mismatch and Unemployment

Blázquez, Maite; Jansen, Marcel - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005125814

E-commerce, two-sided markets and info-mediation

Gaudeul, Alexandre; Jullien, Bruno - EconWPA - 2005

Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...

Persistent link: https://www.econbiz.de/10005134532