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An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main …
Persistent link: https://www.econbiz.de/10013148534
This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … causal relations between real money and real income, between nominal money and nominal income, and between nominal money and … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further …
Persistent link: https://www.econbiz.de/10005835538
Prepublication version of article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 17, pp241-48. Stanford, CT: JAI Press. http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description This article formed part...
Persistent link: https://www.econbiz.de/10005835556
/Singapore have shown the way. What the people of the world want is sound, stable money and the end to the obsolete multicurrency …
Persistent link: https://www.econbiz.de/10005835646
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