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advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long …
Persistent link: https://www.econbiz.de/10005870400
the disappearance of good money over this period has provided any solid quantitative assessment of the effectiveness of …
Persistent link: https://www.econbiz.de/10005870464
bank through which he concealed over £3m in counterfeit money.[...] …
Persistent link: https://www.econbiz.de/10005870587
saving money to saving time came when railway technology stopped simply fulfilling existing demand more cheaply (travel for …
Persistent link: https://www.econbiz.de/10005870947
We argue that there is a connection between the interbank market for liquidity and thebroader financial markets, which has its basis in demand for liquidity by banks. Tightnessin the interbank market for liquidity leads banks to engage in what we term “liquiditypull-back,” which involves...
Persistent link: https://www.econbiz.de/10009305106
The purpose of this paper is to examine the composition of inflation over time. The authors calculate the contributions … to inflation for individual series of the consumer price index (CPI) and personal consumption expenditures price index … of information concerning aggregate inflation behavior in a concise way, enabling the authors to describe the composition …
Persistent link: https://www.econbiz.de/10010397664
This paper develops a set of leading indicators of industrial production growth and consumer price inflation for the … inflation. Our findings provide evidence on the factors determining real activity and inflation in a period of disinflation and …
Persistent link: https://www.econbiz.de/10010500195
, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …We develop a dynamic general equilibrium model to analyze the relationship between monetary policy, money demand, and … unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and …
Persistent link: https://www.econbiz.de/10012026513
reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …. Central banks could thus be shown to be able to influence inflation rates, although the quantity of money plays no part in …This paper presents a model that pictures how inflation is determined in a decentralized market process where prices …
Persistent link: https://www.econbiz.de/10013208483
This paper studies the issue of whether money contains useful information about future inflation in a panel of nine … developed countries. A low frequency estimate of excess money growth is compared to an estimate of the inflation trend following … the discussion in Woodford (2007). The empirical analysis shows that money contains more information about future CPI-inflation …
Persistent link: https://www.econbiz.de/10013208533