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 …

Book review of a selection of Jean-Baptiste Say's principal writings on money and banking …

money and financial relations, the crucial role of institutional patterns, and the macro nature of stability and viability …

function based money is created as a world-wide currency; ⊔ (pronounced /k^p/). We argue that our system discourage speculation …

Theory of Money holds provided the economy is not trapped in a liquidity hole. The traditional theory of comparative …