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paper is instead upon the behaviour of money wages, with widespread nominal ‘wage-stickiness’, in relation to changes in the … money wages for most craftsmen and labourers did rise following the Black Death – though by no means for all labourers … years after the Black Death. In England, furthermore, where most craftsmen and workers had suffered a fall in money wages in …
Persistent link: https://www.econbiz.de/10005835789
, shows how variations in the value of money, and in the exchange rate between different moneys of account, lead to transfers …
Persistent link: https://www.econbiz.de/10005836022
This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and … money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI. …
Persistent link: https://www.econbiz.de/10005836259
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
Summary: On the example of the issue of contemporary coined and paper money, the author observes and proves the … benefits as well as promotional effects. By incorporating new approaches in the issuing of contemporary money in cash form … proves that these approaches are apart of the financial science, especially the science about the money, and that the …
Persistent link: https://www.econbiz.de/10005836389
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
This is the Italian version of ‘Value and Marx: why it matters’ which appeared in Vasopollo, L (2002) (ed) ‘Un Vecchio Falso Problema: La Transformazione dei valori in prezzi nel Capital di Marx’, Roma: Laboratoria per la critica sociale. It was presented at the May 2002 conference...
Persistent link: https://www.econbiz.de/10005836459
was its enthusiastic endorsement by John Maynard Keynes, in his Treatise of Money, published the following year, in 1930 …
Persistent link: https://www.econbiz.de/10005836522
This paper re-examines the causal relationship between money and income and between money and prices in Pakistan. Using …-integration analysis indicates, in general, the long run relationship among money, income, and prices. The Error Correction and Granger … Causality framework suggest a one way causation from income to money in the long run implying that probably real factors rather …
Persistent link: https://www.econbiz.de/10005836688
This paper proposes a closed-economy new keynesian model to evaluate the role of high growth rate of monetary aggregates on the inflation determination in Chile the last years. We estimate a rational expectations equations system derived by the model through Generalized Method of Moments (GMM)....
Persistent link: https://www.econbiz.de/10005837077