The authors developed a political economy equilibrium framework for personal income distribution. In the beginning … equilibrium is feasible with speed which is compatible with the collective decisionmaking process. The authors then conducted an …

The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium … trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by …

money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the … sample period back to the 1980s, a period characterised by higher volatility in inflation and money growth. …

ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …