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Gold, guilds, and government: the impact of monetary and labour policies on the Flemish cloth industry, 1390-1435
Munro, John H. - Volkswirtschaftliche Fakultät, … - 2002
in gold coins as well as in silver coins, with a fixed bimetallic ratio. When the duke’s grandson, Philip the Good … gold coins, the Kortrijk fullers then demanded to be paid in gold; and with the drapers’ refusal and a sharp rise in the …
Persistent link: https://www.econbiz.de/10005790245
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Credit Monitoring in the USA and EU Countries
Kadish, Peter - Volkswirtschaftliche Fakultät, … - 2010
In order to analyze current state of events in the world economy, parallel analysis with the country that has gone through boom cycle in real estate and financial asset prices (as US did during the last decade) and sudden consequential bust in mid 70s and late 80s (USA 2007), namely Japan, is...
Persistent link: https://www.econbiz.de/10008532167
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Banii, băncile centrale, politica monetară şi reglementarea sistemului bancar modern
Paun, Cristian - Volkswirtschaftliche Fakultät, … - 2010
The “new” economy seems to be vulnerable to cyclical shocks that increased in magnitude and induced higher volatilities on the markets. The role assumed by state in this equation of markets’ equilibrium significantly increased. The causes of current crisis of modern economies are strongly...
Persistent link: https://www.econbiz.de/10009294952
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Cause and cure of the crisis
Colignatus, Thomas - Volkswirtschaftliche Fakultät, … - 2014
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
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A Model of Monetary Equilibrium with Random Output and Restricted Borrowing
Mierzejewski, Fernando - 2010
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
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The Structural Price Mechanism
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2013
Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the help of additional assumptions like perfect competition and equilibrium a price vector is established that displays a host of desired properties. This approach is tightly stuck in a cul-de-sac....
Persistent link: https://www.econbiz.de/10011258865
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Les « hélicoptères » des banques centrales
Dai, Meixing - Volkswirtschaftliche Fakultät, … - 2011
. Implemented following a major crisis induced by the deflation of bubbles on asset prices, this policy creates redistributive …
Persistent link: https://www.econbiz.de/10009359920
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Japanese quantitative easing: The effects and constraints of anti-deflationary monetary expansions
Zammit, Robert - Volkswirtschaftliche Fakultät, … - 2006
An undergraduate dissertation in Monetary Economics. The aim of this dissertation is to empirically analyse the effects of the Bank of Japan’s anti-deflationary Quantitative Easing Policy carried out between March 2001 and April 2006. In doing so, this study also reviews the zero bound to...
Persistent link: https://www.econbiz.de/10005787162
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Is the NAIRU More Useful in Forecasting Inflation than the Natural Rate of Unemployment?
Claar, Victor V - Volkswirtschaftliche Fakultät, … - 2002
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a Phillips curve, the natural rate is an equilibrium condition...
Persistent link: https://www.econbiz.de/10005835658
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Wage-stickiness, monetary changes, and real incomes in late-medieval England and the Low Countries, 1300 - 1500: did money matter?
Munro, John H. - Volkswirtschaftliche Fakultät, … - 2002
1360s. In the later 14th century, however, first England and then Flanders experienced an equally dramatic deflation, one … mid 15th century, some money wages did slowly rise, while deflation continued – thus indicating other forces at work to … important focus of this paper is that the late-medieval inflations and deflations (including the pronounced deflation preceding …
Persistent link: https://www.econbiz.de/10005835789