The emerging consensus in monetary policy and business cycle analysis is that money aggregates are not useful as an … intermediate target for monetary policy or as an information variable. The uselessness of money as an intermediate target is driven … by empirical research that suggests that money demand is unstable. In addition, the informational quality of money has …

replaced in the following. The formal point of reference is ‘the integrated approach to credit, money, income, production and …

The aim of this paper was to verify if reminders of money influence the tendency to spend one’s resources on kin and … friends. Previous research on the mere exposure to money concentrated only on behaviors directed at anonymous partners …, especially close friends and relatives. This paper presents three experiments showing that subtle reminders of money decrease the …

add some historical and analytical perspectives to discussions about the future of money, banking and payments. For more …

for converting quantities of labour-time in terms of money, which accounts for explicit and implicit costs, is proposed. …

money and prices- like the quantity theory one. What is necessary and important is that there should be a relation between … the growth rates of absolute outputs and money. Money affects output and employment. 2. Wages are not assumed to be rigid …. Given the level of employment, all people should work, “earn” money and hence “determine” output. 3. A one line conclusion …

currency or an international central bank. This paper focuses on Hayek’s overall philosophy on international money mechanism … bank and his concerned over unstable arrangements in money mechanism,which, he believes, profoundly affects economic and …