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Introduction of inflation targeting has global effects on dynamic of prices and economic growth. In case of a developing country with an increasing remonetization since 2007 – 2008 and modest growing later than 2009 it’s important to assess the adoption of a new regime and how it helps to...
Persistent link: https://www.econbiz.de/10011259298
This paper reproduces, for archival purposes, chapter 5, of the same name, which appeared in Dunne (1991). It represents one of the first systematic attempts that I know of, to present complete ‘Value National Accounts’, that is to say, accounts presenting social reproduction in terms of the...
Persistent link: https://www.econbiz.de/10011260853
business cycle and suggests that they may also account for the phenomenon of liquidity preference. It suggests that the concept … of liquidity preference constitutes a potential common ground between value-theoretic and post-Keynesian schools of …
Persistent link: https://www.econbiz.de/10005836022
The paper examines the the profession of economics in the light of its disarray in the face of the financial crash of 1998 We subject the profession to a theoretical and historical enquiry, examining both its reaction to the empirical facts of its failures, and the manner in which its...
Persistent link: https://www.econbiz.de/10005836327
This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of outputs from any process or sector of a market economy. It exhibits the temporal calculation of the Monetary Equivalent of Labour Time (MELT), the general ratio between monetary...
Persistent link: https://www.econbiz.de/10005836395
We report evidence that bank liquidity ratios (liquid assets as a percentage of total assets) decrease during the … banks react to this by lowering their liquidity ratios. In a panel of 45 countries, we find evidence that such a mechanism … is into place: a one-unit increase in an index of securities market liberalization leads to a drop in the bank liquidity …
Persistent link: https://www.econbiz.de/10011112629
-theoretic treatment of liquidity preference in axiomatic form, based on a temporal analysis. It discusses why temporal analysis is …
Persistent link: https://www.econbiz.de/10005790140
This paper was presented at a special conference of the Conference of Socialist Economists (CSE, publishers of Capital and Class) in 1987, on the topic of Quantitative Marxism. This eventually gave rise to an edited collection (Dunne 1992) in which this paper was developed (Freeman 1992) into a...
Persistent link: https://www.econbiz.de/10011257843
The economic literature emphasizes the existence of a debate having milked with the impact of the monetary policy on the economic activity. At the beginning of the years 1990, the monetary policy of the countries of the CEMAC knew significant reforms which aimed at conferring to him of advantage...
Persistent link: https://www.econbiz.de/10011258720
In this study, we develop a monetary Schumpeterian growth model with endogenous market structure (EMS) to explore the effects of monetary policy on the number of firms, �firm size, economic growth and social welfare. EMS leads to richer implications and different results from previous studies...
Persistent link: https://www.econbiz.de/10011259473