Differentiated prices, bundling, Web auctions : firms' pricing practices are evolving. When there is no market or for …

The aim of this paper is to show how Myrdal monetary theory can contribute to the study of the behaviour of prices in … price variations. The variation in prices explains the persistence of the cumulative process. This, we argue, represents an … opposite view of the one contained in Wicksell's theory. Myrdal's theory leads to the rejection of the quantity theory of money …

-through in Mexico. We examine responses of domestic prices to a positive one unit exchange rate shock by estimating a threshold …-through to domestic prices is statistically significant above the threshold level of the inflation rate and statistically …

the underlying trends due to growth - is a major source of perturbations arising from the random fluctuations in prices or …

In this paper, we test two models of the Eurozone, with a special emphasis on the role of money and monetary policy … during crises. The role of separability between money and consumption is investigated further and we analyse the Euro area … economy during three different crises: 1992, 2001 and 2007. We …find that money has a rather signi…ficant role to play in …

This paper studies a simple stochastic two-period general equilibrium exchange model with money, an incomplete market … implicit in the model, public debt and creation of money both implemented at the first period. The equilibrium existence is … established under a Gains to trade hypothesis and the assumption that banks have a non zero endowment of money at each date …

-in-advance constraints. The total amount of money is supplied by an authority, which produces at no cost and lends money to agents at short …

We define continuous-time dynamics for exchange economies with fiat money. Traders have locally rational expectations … game involving a double-auction with limit-price orders. Money has a positive value except on optimal rest-points where it … nominal variables. Money is not neutral, either in the short-run or long-run, and a localized version of the quantity theory …

In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This … illustrates this general statement by focusing on Schumpeter's analysis of money, banking and finance, and their respective roles …