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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
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
Money and its underlying function as a medium of exchange play a central role in determining the course of … macroeconomic activity. However, many of the models used to evaluate fundamental questions relating money and monetary policy to … economic activity simply assume currency is valued and overlook the important properties of money that influence the way it is …
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