Showing 1 - 8 of 8
The paper has two subjects. The first subject is the development of a monetary general equilibrium model with en- dogenous growth. By combining the two-sector endogenous growth model and the limited participation approach, the model is able to explain the empirically observed liquidity effect of...
Persistent link: https://www.econbiz.de/10005021894
This paper assesses the performance of core inflation measures based on the structural VAR approach. Since core or monetary inflation is not directly observable, we develop a monetary general equilibrium model that fits real aggregated European data and use this model to generate time series for...
Persistent link: https://www.econbiz.de/10005021897
The Dutch changeover to euro banknotes and coins proceeded both smoothly and swiftly. In spite of this Dutch consumers are still in the process of familiarising themselves with the new currency. One out of three still has not got the hang of the euro as a unit of account. Remarkably, ever since...
Persistent link: https://www.econbiz.de/10005101879
This report addresses the question whether economic theory can explain the choice of payment media for over-the-counter payments. A survey of the literature reveals that most of the existing microeconomic models are limited to the explanation of the size of cash balance. Only two models describe...
Persistent link: https://www.econbiz.de/10005101891
This paper assesses the performance of core inflation measures based on the structural VAR approach. Since core or monetary inflation is not directly observable, we develop a monetary general equilibrium model that fits real aggregated European data and use this model to generate time series for...
Persistent link: https://www.econbiz.de/10005101901
The Dutch changeover to euro banknotes and coins proceeded both remarkably smoothly and rapidly. After one week, over 90% of all cash payments were being made in euro. Fears of the payment system breaking down, always rampant among businesses and the public alike, did not materialise. Fears of...
Persistent link: https://www.econbiz.de/10005106708
Currently, nearly 90% of all prices of consumer goods and services in the Netherlands are psychological, conveniently broken or round prices. After converting these 'attractive' guilder prices into euro using the official conversion rate, the resulting euro prices are generally not attractive....
Persistent link: https://www.econbiz.de/10005030225
Persistent link: https://www.econbiz.de/10005030258