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Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Orphanides, Athanasios - 1998

Persistent link: https://www.econbiz.de/10000993205

Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero

Orphanides, Athanasios; Wieland, Volker - 1998

Persistent link: https://www.econbiz.de/10001350282

The welfare cost of inflation with banking time

Gillman, Max - 2018

The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank production approach. The estimate of welfare cost uses fundamental parameters of utility and production technologies. It is compared to a cash-only economy, and a Lucas (2000)...

Persistent link: https://www.econbiz.de/10012012509

Inflation, growth, and credit services

Gillman, Max; Kejak, Michal; Valentinyi, Ákos - 2000

Persistent link: https://www.econbiz.de/10001501917

Inflation, growth, and credit services

Gillman, Max; Kejak, Michal; Valentinyi, Ákos - 1999

Persistent link: https://www.econbiz.de/10001467962

Inflation, investment and growth : a money and banking approach

Gillman, Max; Kejak, Michal - 2009

. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the … high rate of inflation, above which increasingly low investment finally causes capital to fall relative to labor, and the …

Persistent link: https://www.econbiz.de/10003873057

Inflation, investment and growth : a banking approach

Gillman, Max (contributor); Kejak, Michal (contributor) - 2008

specifically in terms of the effect on the capital to effective labor ratio and resolve the puzzle by showing the simultaneous … human capital and a decentralized credit-producing sector. -- Inflation ; investment ; growth ; Tobin …

Persistent link: https://www.econbiz.de/10003739611

Money demand in general equilibrium endogenous growth : estimating the role of a variable interest elasticity

Gillman, Max (contributor); Otto, Glenn D. (contributor) - 2006

Persistent link: https://www.econbiz.de/10003390834

Fiscal and monetary policy interactions in a low interest rate world

Hofmann, Boris; Lombardi, Marco; Mojon, Benoît; … - 2021

Persistent link: https://www.econbiz.de/10012595770

Fiscal and monetary policy interactions in a low interest rate world

Hofmann, Boris; Lombardi, Marco; Mojon, Benoît; … - 2021

Persistent link: https://www.econbiz.de/10012593283