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On the equivalence of private and public money
Brunnermeier, Markus Konrad; Niepelt, Dirk - 2019
We develop a generic model of money and liquidity that identifies sources of liquidity bubbles and seignorage rents. We provide sufficient conditions under which a swap of monies leaves the equilibrium allocation and price system unchanged. We apply the equivalence result to the "Chicago Plan,"...
Persistent link: https://www.econbiz.de/10012112096
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On the equivalence of private and public money
Brunnermeier, Markus K.; Niepelt, Dirk - 2019
We develop a generic model of money and liquidity that identifies sources of liquidity bubbles and seignorage rents. We provide sufficient conditions under which a swap of monies leaves the equilibrium allocation and price system unchanged. We apply the equivalence result to the "Chicago Plan",...
Persistent link: https://www.econbiz.de/10012271930
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The development of monetary policy in the 20th century – some reflections
Issing, Otmar - 2010
In this paper I outline – from a practitioner’s as well as from a researcher’s perspective – several of the key developments that took place during the last century in monetary policy. In particular, I describe how the monetary system evolved from gold standard, prevailing throughout...
Persistent link: https://www.econbiz.de/10011506706
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Spatial developments of Hungarian agriculture in the transition: the case of crop production
Fertő, Imre - 2007
The paper investigates spatial changes in cultivation and land use of wheat, maize and oilseed in Hungarian agriculture using different methods to measure these changes. The results suggest that spatial structure of crop productions has remained fairly stable during analysed period. The spatial...
Persistent link: https://www.econbiz.de/10010299354
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Comparative advantages in agro-food trade of Hungary, Croatia and Slovenia with the European Union
Bojnec, Štefan; Fertő, Imre - 2007
products with revealed comparative advantages in the EU markets for Hungary and to a lesser extent for Croatia, but have not … identified any such aggregated agro-food product group for Slovenia. Yet, also Hungary and Croatia have faced difficulties in … comparative trade advantages in consumer-ready foods and processed intermediaries. Agro-food sectors in Hungary are likely to …
Persistent link: https://www.econbiz.de/10010299358
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A model of household type specific food demand behaviour in Hungary
Brosig, Stephan - 2000
The paper describes a two stage model of Hungarian households' food demand. Demand for the food aggregate is represented by a Working-Leser type single equation model while demand for seven distinct food types is modelled in a complete demand system using the LA/AIDS functional form. Estimation...
Persistent link: https://www.econbiz.de/10010299430
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Cost of compliance with the aquis communautaire in the Hungarian dairy sector
Kiss, Piroska; Weingarten, Peter - 2003
different stages of the agri-food chain in Hungary. The assessment is mainly based on a classification of farms and processors … investments in buildings, milking and cooling facilities and delivery trucks. The raw milk quality in Hungary has steadily … Beitrag wird der Teil des acquis communautaire betrachtet, der für den Milchsektor in Ungarn von Bedeutung ist. Für …
Persistent link: https://www.econbiz.de/10010299439
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Agri-Environmental Policies in a Transition Economy: Using a Choice Experiment to Value Agricultural Biodiversity on Hungarian Small Farms
Birol, Ekin; Gyovai, Ágnes; Smale, Melinda - 2004
European Union accession threaten the survival of traditional home gardens in Hungary's transitional economy. This paper … data collected in three environmentally sensitive areas of Hungary where pilot agri-environmental programmes have been …
Persistent link: https://www.econbiz.de/10011324925
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Minimum wage and tax evasion: Theory and evidence
Tonin, Mirco - 2009
wage hike that took place in Hungary in 2001 reveals that households who appear to benefit from it actually experienced a …
Persistent link: https://www.econbiz.de/10010322427
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The Changing Demand for Skills : Evidence from the Transition
Commander, Simon; Kollo, Janos - 2004
Transition has involved major job destruction and creation. This paper examines the skill content of these changes using a detailed three country firm survey. It shows that transition has exerted a strong bias against unskilled labour who have lost employment disproportionately. Moreover, job...
Persistent link: https://www.econbiz.de/10010261836