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money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non … policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and …
Persistent link: https://www.econbiz.de/10005599686
Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the …
Persistent link: https://www.econbiz.de/10005604974
real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with …
Persistent link: https://www.econbiz.de/10005605268
A New Keynesian model estimated for India yields valuable insights. Aggregate demand reacts to interest rate changes with a lag of at least three quarters, with inflation taking seven quarters to respond. Inflation is inertial and persistent when it sets in, irrespective of the source. Exchange...
Persistent link: https://www.econbiz.de/10008646425
This paper examines the existence and stability of both the long‐ and short‐run demand for narrow and broad money …). The study reveals the existence of a systematic long‐run relationship among real money balances, real income, interest … rate and exchange rate. Results from testing the hypothesis of a unitary price elasticity confirm that only the broad money …
Persistent link: https://www.econbiz.de/10014863013
money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …
Persistent link: https://www.econbiz.de/10009465939
Persistent link: https://www.econbiz.de/10011313268
recount their relationship as an experiment in novel engagements with economic things (money, corporations, universities … is a specific set of projects around money and payment. The intellectual background is the anthropology of finance and …
Persistent link: https://www.econbiz.de/10010247083
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