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credit in a growing economy. Third, the rate of interest in Marx’s economics is conceived of as a monetary category … interest. From this it follows, that any “real theory” of crisis and stagnation, as the falling rate of profit theory of crisis …
Persistent link: https://www.econbiz.de/10005076655
determines voting in the Senate, with the main dimension driven by economic interest, not ideology. Although two dimensions are … reported evidence, and a growing consensus in the congressional studies literature, this finding is attributed to interest …
Persistent link: https://www.econbiz.de/10005408037
Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in which money is necessary as a means of payment....
Persistent link: https://www.econbiz.de/10005561133
and when necessary to redefine, the “conventional” key concepts such as labor, capital, interest, rent, and accordingly …
Persistent link: https://www.econbiz.de/10005119387
El objetivo de este paper es realizar una descripción del caso brasileño, en lo que hace a la salida de un sistema en el cual el ancla nominal de la economía era un tipo de cambio semi-fijo, hacia un régimen de flotación “cuasi” limpia de la moneda, en el que el ancla de la economía...
Persistent link: https://www.econbiz.de/10005076607
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
Territorial appointees to an independent central bank (e.g. District Federal Reserve Banks’ presidents, Governors of national central banks at the ECB’s Governing Council) are liable to confront a “role conflict” stemming from a duality of loyalties and allegiances - to the home regional...
Persistent link: https://www.econbiz.de/10005076671
Current monetary policy involves the manipulation of the Central Bank interest rate (the repo rate), with the specific … the channels of monetary policy or, more concretely, the channels through which changes in the rate of interest may affect … U.S. and the UK and suggest that these empirical results point to a relatively weak effect of interest rate changes on …
Persistent link: https://www.econbiz.de/10005076687
The paper presents a structural model framework for a small open economy. The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic’s...
Persistent link: https://www.econbiz.de/10005076689
"counterfactual" ECB reaction function based on average interest rates prior to EMU with actual ECB policy. Furthermore, we compare … actual ECB policy with interest rate projections using Bundesbank reaction functions and euroland data. …
Persistent link: https://www.econbiz.de/10005076690