departures are likely to be minor. Finally, we argue that the presence of nominal wage stickiness in labor markets does not …

In the P-star model the price level is determined by the money stock per unit of potential output and the long …-run equilibrium level of the velocity of money. This article applies this model to Austria. Problems in identifying permanent shocks …-difference version is not so suspect. While evidence is found of a long-run relationship between Austria inflation and money growth, even …

We describe a stochastic economic environment in which the mix of money and trade credit used as means of payment is … monetary policy and for time series analysis using money and trade credit. …

"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …