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An examination of recent empirical research on money demand, which states that the interest elasticity of money demand …
Persistent link: https://www.econbiz.de/10005360727
An examination of the commonly accepted positive correlation between money and real output, including a review of … several models of business cycles and an explanation of how money can be neutral and yet still appear to affect real output. …
Persistent link: https://www.econbiz.de/10005360736
The authors present simple versions of models used in the search-theoretic approach to monetary economics. They discuss … describing the frictions necessary to construct a model where money has an essential role, they conclude by reviewing many …
Persistent link: https://www.econbiz.de/10005360765
An essay, written in 1779-80, concerning the relationship between money growth, government liability issues, and …
Persistent link: https://www.econbiz.de/10005360772
A look at the pros and cons of currency boards as an institution for providing monetary credibility in developing countries.
Persistent link: https://www.econbiz.de/10005360778
Economic theory implies that the quantity of money in the economy is linked both to the Federal Reserve's policy …
Persistent link: https://www.econbiz.de/10005360950
The history of money is marked by innovations that have expanded the role of "inside money"-money created by the …
Persistent link: https://www.econbiz.de/10005360966
used and how its supply affects the economy. ; Search and matching models of money identify the characteristic assumptions …, rather than some form of barter, to be used. This article summarizes some of the recent literature on search models of money …Money and its underlying function as a medium of exchange play a central role in determining the course of …
Persistent link: https://www.econbiz.de/10005361040
Persistent link: https://www.econbiz.de/10005373384
, the ECB regularly examines the implications of money growth for the inflation outlook over the medium term to long term …
Persistent link: https://www.econbiz.de/10005373401