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The theoretical framework of monetary policy revisited
Balfoussia, Hiona; Brissimis, Sophocles; Delis, Manthos D - Volkswirtschaftliche Fakultät, … - 2011
the key properties of monetarist theory for the long run, i.e. monetary neutrality with respect to real output and the … that the economic and monetary analysis of the European Central Bank could be unified into a single framework. …
Persistent link: https://www.econbiz.de/10009226956
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Structural Interdependence in Monetary Economics: Theoretical Assessment and Policy Implications
Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 2015
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
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General Theory of Money: A New Approach
Rezaie, Mohsen - Volkswirtschaftliche Fakultät, … - 2014
Money, credit and monetary markets are interlinked with each other and linked to real sector of the economy. There is clearly no single market called money market, but there are two money markets, asset-money and credit-money markets, that money is created by the interactions between them. This...
Persistent link: https://www.econbiz.de/10011108633
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Sullo statuto teorico dell'offerta di moneta: un dibattito con Augusto Graziani
Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 1996
In this article the debate between Prof. Augusto Graziani and the author on the monetary theory of production is … carried further on. The main purpose of the paper is to delineate - along Keynesian lines and in opposition to the theory of … demand for money is explicitely recognized, as well as the central bank ability to control in the short term either the money …
Persistent link: https://www.econbiz.de/10011109819
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La demanda excedente de dinero en un sistema de equilibrio general con un mercado de capitales, desempleo involuntario y expectativas proporcionales en precios y salarios
Rodríguez, Carlos A. - Volkswirtschaftliche Fakultät, … - 2009
Building on the work of Noriega (1994), this paper demonstrates how you get an excess demand for money alternative, relating the total value of production and consumption. However, unlike this paper, we use the dynamic programming method to assess consumer behavior and production function are...
Persistent link: https://www.econbiz.de/10011112195
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La teoria monetaria di Keynes e i teorici del circuito: a proposito di un libro di Augusto Graziani
Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 1994
In this article the Author reviews a recent book by Prof. Augusto Graziani on the monetary theory of production. It is …
Persistent link: https://www.econbiz.de/10011112809
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Italy, the fiscal dominance model, and the gold standard age
Tattara, Giuseppe; volpe, mario - Volkswirtschaftliche Fakultät, … - 1997
The paper links money supply to the state budget deficit in the Italian historical context. The process of monetization of government deficit is analysed and is related both to the fixity of the exchange rate and free capital mobility typical of the 1860-1913 period. The empirical evidence...
Persistent link: https://www.econbiz.de/10009652938
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Graph representation of balance sheets: from exogenous to endogenous money
Pitrou, Cyril - Volkswirtschaftliche Fakultät, … - 2015
bank. Indeed, this optimal graph allows to perform payments very easily as it amounts to the suppression of loops … argue that in those cases, the Treasury and the central bank can be meaningfully consolidated. After describing the …
Persistent link: https://www.econbiz.de/10011262872
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Agent–Based Keynesian Macroeconomics - An Evolutionary Model Embedded in an Agent–Based Computer Simulation
Oeffner, Marc - Volkswirtschaftliche Fakultät, … - 2008
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 … goods firms and capital goods firms)and as an innovation a banking system, a central bank and a monetary circuit. Thereby …
Persistent link: https://www.econbiz.de/10008555425
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Money: A Market Microstructure Approach
Krueger, Malte - Volkswirtschaftliche Fakultät, … - 2008
The current discussion about the future of the financial system draws heavily on a set of theories known as the ‘New Monetary Economics’. The New Monetary Economics predicts that deregulation and financial innovation will lead to a moneyless world. This paper uses a market microstructure...
Persistent link: https://www.econbiz.de/10008527362