post crisis growth regime of the bad debts/bad money plague. … money has been (endogenously) delivered which did not lead to a proportionate increase of real wealth, thereby creating an … get to limit the artificial increase of assets prices, the circulating bad money may trigger a generalized inflationary …

function based money is created as a world-wide currency; ⊔ (pronounced /k^p/). We argue that our system discourage speculation …

In this paper, we set up and test a model of the Euro zone, with a special emphasis on the role of money. The model … follows the New Keynesian DSGE framework, money being introduced in the utility function with a non-separability assumption … interest rate, real money balances, flexible-price output and flexible-price real money balances variances. The role of money …

money bears interest as a condition of its existence, it has long been argued that a systemic growth imperative is inherent …By one hand, the nature of money influences the objects, the objectives and the methods of production and consumption …. On the other hand, the distribution of money influences human behaviors, the supply and the demand of goods, and hence …

reflections of Karl Polanyi fit. In this way, Polanyi thinks of money as an institution that submerges the economy into social … relationships. As an analytical result, stripping money of its institutional character and trying to reduce it to a commodity, can …, money and markets. From this point on, it is possible, in the second part of this analysis, to specify certain interesting …

We analyze the interplay between longevity, pollution and growth. We develop an OLG model where longevity, pollution … and growth are endogenous. The authorities may provide two types of public services, public health and environmental … maintenance, that participate to increase agents' life expectancy and to sustain growth in the long term. We show that global …

uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does … not. In this framework, long-term growth is entirely driven by precautionary savings. In particular, we show that the … asymptotic growth rate of the expected capital stock is an increasing function of both the risk parameter and the Arrow …

growing economy, that is when population growth is optimal in the long-run, this egalitarian rule can only hold when (i) the …