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 …

model, which belongs to thefield of monetary theory. Agent-based modeling is an innovative tool thatmade much progress in … other scientific fields like medicine or logistics.In economics this tool is quite new, and in monetary theory to this … ideaof Knut Wicksell (natural rate of interest vs. money rate of interest). Inaddition, the model contains also many …

von gestörten Modellen um das Referenzmodell und wählt die optimale Geldpolitik so, dass diese im ungünstigsten Modellfall … geldpolitisches Instrument beinhaltet. Wesentlich für die Herleitung der optimalen Geldpolitik ist die Persistenz in der Inflations … zwischen Geldpolitik und verschiedenen Arten von Unsicherheit verdeutlicht, bevor in Kapitel 3 die derzeitige state …

non trivial investment decisions Allowing for two goods Introducing money Introducing price setting Introducing staggering …

for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing …

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 …

mit den Interventionserfahrungen von Emerging Markets. Geldpolitik in Emerging Markets zeichnet sich oftmals durch eine …

einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte … different ways?Monetary innovations are modeled through increases in the short-term money market rates. Hence the analysis … subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …

Arbeitsstunden und Löhnen in dieser Zeit erklären. Abschließend wird die Rolle der Geldpolitik während Aktienmarktbooms diskutiert …