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The claims that the Islamic gold dinar will avoid inflation and other ills of current economic crises are examined by studying how coinage systems actually functioned in history.The article shows that not only these claims are baseless but also that coinage would increase the prevailing interest...
Persistent link: https://www.econbiz.de/10008694024
questions, we develop a model of commodity money with light and heavy coins, imperfect information, and prices determined via …
Persistent link: https://www.econbiz.de/10005069620
Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian …, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious … credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes …
Persistent link: https://www.econbiz.de/10009434804
This paper examines Robert E. Lucas's views on the relationship of macroeconomics to real world economic phenomena, and on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the subdiscipline has evolved. It considers some implications...
Persistent link: https://www.econbiz.de/10009447272
monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households exchange money for interest-bearing government nominal bonds in the asset market. The government injects money through …
Persistent link: https://www.econbiz.de/10009466028
The Forest Service manages land for a diverse array of purposes under the Multiple Use Doctrine. Many of these uses are incompatible and lead to conflict The goal of my research is to explain what guides the Forest Service's management decisions, since this is critical to understanding how...
Persistent link: https://www.econbiz.de/10009474978
Every consumer decision incurs a cost. An hour spent researching products is an hour not spent working. Vacation days used in the winter are vacation days not used in the summer. A dollar spent on a car payment is a dollar not spent dining out. What determines the extent to which consumers...
Persistent link: https://www.econbiz.de/10009475420
This thesis examines exchange rate exposure of 30 U.S. industries between 1974 and 2008 using traditional and orthogonalized linear models. Similar to the literature, when using traditional linear model we find that exposure is very time dependent and often insignificant. However, we discover...
Persistent link: https://www.econbiz.de/10009475845
PURPOSE - The purpose of this paper is to test the hypothesis of long-run money neutrality for Egypt, Jordan and … cointegration techniques to test the neutrality of money hypothesis for three Middle Eastern economies, using quarterly data on … money, prices and real income. The benefit of using this technique lies in its ability to distinguish between cointegration …
Persistent link: https://www.econbiz.de/10009481838
Persistent link: https://www.econbiz.de/10000521314