in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian …

in mid 70s and late 80s (USA 2007), namely Japan, is performed. The definition and role of money in the economy in its … various forms from narrow to the most broad credit aggregates and interrelations between central bank policy and growth of … credit is discussed. …

credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on … about the traditional dichotomy between money and some forms of short term credit, such as checkable lines of credit. We do …While credit cards provide transaction services, as do currency and demand deposits, credit cards have never been …

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 …

In this paper, we analyze the process of money creation in a credit economy. We start from the consideration that the … traditional money multiplier is a poor description of this process and present an alternative and dynamic approach that takes into … network theory and statistical mechanics, we then try to shed some light on the actual process by which money is endogenously …

money supply. In June 2014, the real money supply decreased. That has happened for the first time since December 2009. It … required that such quantitative easing be put in place as would make real money supply grow at a pace no slower than the target …

growth rate of the real money supply. In June 2014, the real money supply decreased. That has happened for the first time … economic growth, it is required that such quantitative easing be put in place as would make real money supply grow at a pace no …