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money and finance in the theory of income and expenditure are critically examined. The Sraffian dichotomic interpretation of … from the analysis: the illegitimacy of Marx’s asymmetrical treatment of constant and variable capital in the theory of … this perspective the traditional approaches to monetary theory and policy are indicated. …
Persistent link: https://www.econbiz.de/10011185688
A graph representation of the financial relations in a given monetary structure is proposed. It is argued that the graph of debt-liability relations is naturally organized and simplified into a tree structure, around banks and a central bank. Indeed, this optimal graph allows to perform payments...
Persistent link: https://www.econbiz.de/10011262872
model, which belongs to the field of monetary theory. Agent-based modeling is an innovative tool that made much progress in … other scientific fields like medicine or logistics. In economics this tool is quite new, and in monetary theory to this date …
Persistent link: https://www.econbiz.de/10008555425
theory, showing how they build on common foundations. We then lay out a tractable benchmark version of the model that allows … inflation, the relationship between money and capital accumulation, and the Phillips curve. We also extend the benchmark model …
Persistent link: https://www.econbiz.de/10008592993
This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to … test the validity of the monetarist stance that inflation is a monetary phenomenon. The results from the correlation … analysis indicate that there is a positive association between money growth and inflation. The money supply growth at first …
Persistent link: https://www.econbiz.de/10005835649
The paper delineates the properties and specificities of modern Croatian money-market transactions and their transition as well as the Solutions applied in this segment by the Republic of Croatia from the moment of declaration ofits in dependence up to nowadays. Such a contemporary monetary...
Persistent link: https://www.econbiz.de/10005836396
confirmed at company level, whether it is robust to controlling for inflation expectations and whether it is concentrated among …
Persistent link: https://www.econbiz.de/10005837208
financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach – VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …
Persistent link: https://www.econbiz.de/10011257834
management of short-run inflation. (2) The CEMAC region is more inclined to non-traditional policy regimes while the UEMOA zone …
Persistent link: https://www.econbiz.de/10011258206
formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …
Persistent link: https://www.econbiz.de/10011258720