annual wholesale price indexes for the period 1948-76. The data on money shocks are the unanticipated money growth series … results are negative. They reject the hypothesis that unexpected money shocks, as measured by Barro, affect price dispersion …

magnitude of the unperceived money growth. The testing of this hypothesis requires two preliminary steps. First, a price … unperceived money growth. This estimation implies the postulation of an available information set and also a function relating the … variables in this set to money creation. The function used was based on considerations related to government demand for revenue …

We formulate a generalization of the traditional medium-of-exchange function of money in contexts where there is … that the option to settle transactions directly with money strengthens the stance of sellers of goods and services vis … "latent money demand" considerations imply monetary policy remains effective through medium-of-exchange channels even if the …

piracy. My analysis is based on copyright registrations, information on authors, book titles and prices, financial data from …

Women have traditionally participated in intellectual property creation at depressed rates relative to men. Book … proportionate increase in the female-authored shares of consumption, book awards, and other measures of success, indicating both …

book prices for libraries and their patrons. Using data on over 8,000 library systems for 2013-2019, we measure the impacts … library market, and we rationalize the status quo book holdings with a librarian utility function that attaches higher weights …, higher physical book prices, as would prevail absent the first sale doctrine, reduce CS by almost ten times as much as an …

It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases … of privately-produced money: pre-Civil War U.S. private banknotes and modern stablecoins. Private monies are introduced … more money-like, but they do not always achieve a positive convenience yield. Technology advances and reputation formation …