Showing 1 - 10 of 225
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
We investigate whether money constitutes a perfect substitute for the missing record-keeping technology in a quasi … the available memory technologies. The result is that when money is divisible, concealable and in variable supply, a … single money may or may not be su¢ cient to replace the record-keeping technology. We further show that two monies serve as a …
Persistent link: https://www.econbiz.de/10005070489
between those quarters (i.e., from the early 1340s to the mid 1370s). The analysis of the evidence on money, prices, and wages … formula: NWI/CPI = RWI). Thus the undisputed rise in nominal or money wages following the Black Death was literally ‘swamped …
Persistent link: https://www.econbiz.de/10005055486
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/10005619787
seems to be not essential to rationalize the use of money in a search theoretic framework. This paper analyzes an endogenous … price search model of money where there is universal double coincidence of wants. The existence of a monetary equilibrium … depends, essentially, on the asymmetry in the role played by economic agents in the exchange and production processes. In …
Persistent link: https://www.econbiz.de/10005620046
This paper studies an economy with trading frictions, ex post heterogeneity and nominal bonds in a model à la Lagos and Wright (2005). It is shown that a strictly positive interest rate is a sufficient condition for the allocation with nominal bonds to be welfare improving. This result comes...
Persistent link: https://www.econbiz.de/10005621811
between Marx’s economics and post-Keynesian approaches in the field of money, credit and the rate of interest. Starting from …
Persistent link: https://www.econbiz.de/10008574607
This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...
Persistent link: https://www.econbiz.de/10008685520
consistent reconstruction of the evolving money economy? We start with three structural axioms. The claim of generality entails …
Persistent link: https://www.econbiz.de/10009025261
in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian …
Persistent link: https://www.econbiz.de/10011156995