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Monetary theory reversed : virtual currency issuance and the inflation tax
Marchiori, Luca - In: Journal of international money and finance 117 (2021), pp. 1-24
Persistent link: https://www.econbiz.de/10013284831
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Strategic inattention, inflation dynamics, and the non-neutrality of money
Afrouzi, Hassan - 2020
How does competition affect information acquisition of firms and thus the response of inflation and output to monetary policy shocks? This paper addresses these questions in a new dynamic general equilibrium model with both dynamic rational inattention and oligopolistic competition. In the...
Persistent link: https://www.econbiz.de/10012200269
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How money relates to value? : an empirical examination on gold, silver and bitcoin
Alves, José; Gonçalves, João Quental - 2022
The present work offers a review on two divergent schools of thought regarding the subject of money and highlights why … understanding it is important to grasp the workings and nature of the concept of money. We adopt a spontaneous order perspective on … social institutions, considering money as one. Such framework allows for the construction of axioms from which we formulate …
Persistent link: https://www.econbiz.de/10013170942
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Financial intermediary development and growth volatility : do intermediaries dampen or magnify shocks?
Beck, Thorsten; Lundberg, Mattias K. A.; Majnoni, Giovanni - In: Journal of international money and finance 25 (2006) 7, pp. 1146-1167
Persistent link: https://www.econbiz.de/10003394356
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Inflation thresholds and the finance-growth nexus
Rousseau, Peter L.; Wachtel, Paul - In: Journal of international money and finance 21 (2002) 6, pp. 777-793
Persistent link: https://www.econbiz.de/10001717363
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Financial frictions and inflation differentials in a monetary union
Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2010
This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation differentials can be explained by cross-country differences concerning the characteristics of financial markets. Our results suggest that empirically plausible degrees of...
Persistent link: https://www.econbiz.de/10008732365
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Policy fundamentals, interest rates differential, and expected devaluation in the presence of an active crawling peg system
Castillo, Graciana del - In: Journal of international money and finance 11 (1992) 3, pp. 292-303
Persistent link: https://www.econbiz.de/10001127456
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Financial constraints and nominal price rigidities
Balleer, Almut; Hristov, Nikolay; Menno, Dominik - 2017
This paper investigates how financial market imperfections and the frequency of price adjustment interact. Based on new firm-level evidence for Germany, we document that financially constrained firms adjust prices more often than their unconstrained counterparts, both upwards and downwards. We...
Persistent link: https://www.econbiz.de/10011597241
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Exchange rate regimes and macroeconomic stability in Central and Eastern Europe
De Grauwe, Paul; Schnabl, Gunther - 2004
This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European (CEE) EU candidate countries. The panel estimations for the period between 1994 and 2002 show that de facto measures of exchange rate stability have a better explanatory power...
Persistent link: https://www.econbiz.de/10011402440
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Monetary policy and nominal rigidities under low inflation
Holden, Steinar - 2001
In most European countries, money wages are given in collective agreements or individual employment contracts, and the … stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …
Persistent link: https://www.econbiz.de/10011398859