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Sun, Hongfei - 2007

This paper presents an integrated theory of money and banking. I address the following question: when both individuals … problem of the bank. Secondly, it is optimal for the bank to require loans be settled with short-term inside money, i.e., bank …

Persistent link: https://www.econbiz.de/10011940760

Monetary aggregates and liquidity in a neo-Wicksellian framework

Canzoneri, Matthew; Cumby, Robert; Diba, Behzad; … - 2008

Woodford (2003) describes a popular class of neo-Wicksellian models in which monetary policy is characterized by an interest-rate rule, and the money market and financial institutions are typically not even modeled. Critics contend that these models are incomplete and unsuitable for...

Persistent link: https://www.econbiz.de/10011506662

On money: A brief intellectual interpretation

Fornasari, Massimo - In: The Journal of European Economic History (JEEH) 52 (2023) 1, pp. 183-207

The nature of money continues to perplex us. Over time anthropologists, economists, historians and sociologists have provided various answers to the question "what is money?" Ultimately these answers reflect different and often contradictory approaches to the dynamics of economic systems and...

Persistent link: https://www.econbiz.de/10015206892

A century of macroeconomic and monetary thought at the National Bank of Belgium

Maes, Ivo - 2010

"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic … research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the … monetary thinking at the National Bank of Belgium. The focus is very much on the role of the Research Department in …

Persistent link: https://www.econbiz.de/10011506708

Implications of the Changes in the System of National Accounts for Measured Growth and the Business Cycle

Vanhoudt, Patrick - 2002

The recent changes in the national accounts unequivocally imply that the nature of the measured growth rate and business cycle has changed. This note investigates to what extent.

Persistent link: https://www.econbiz.de/10010313359

Public pensions in the national accounts and public finance targets

Oksanen, Heikki - 2004

Preparations are underway to revise national accounting to implement actuarial recording of pension liabilities for corporations and government as an employer. This paper extends this to unfunded public pensions with the help of ?implicit tax? in pension contributions. The clearest advantages of...

Persistent link: https://www.econbiz.de/10010261211

Integrating Expenditure and Income Data: What to do with the Statistical Discrepancy?

Beaulieu, J. Joseph; Bartelsman, Eric J. - 2004

The purpose of this paper is to build consistent, integrated datasets to investigate whether various disaggregated data can shed light on the possible sources of the statistical discrepancy. Our strategy is first to use disaggregated data to estimate consistent sets of input-output models that...

Persistent link: https://www.econbiz.de/10010325485

Identification of Liechtenstein's historic economic growth and business cycles by econometric extensions of data series

Brunhart, Andreas - 2012

Several economic data series of Liechtenstein are backwardly estimated in order to achieve consistent historic time series. The generated series consist for instance of the national income for the years 1954 to 1992 (by regressive inter- and retropolation with indicators) and 1993 to 1997 (by...

Persistent link: https://www.econbiz.de/10010368149

Evasion of Value-added Taxes in Europe: Ifo Approach to Estimating the Evasion of Value-added Taxes on the Basis of National Accounts Data (NAD)

Gebauer, Andrea; Parsche, Rüdiger - In: CESifo DICE Report 01 (2003) 2, pp. 40-44

Persistent link: https://www.econbiz.de/10011696430

How large is the private sector in Africa? Evidence from national accounts and labor markets

Stampini, Marco; Leung, Ron; Diarra, Setou M.; Pla, … - 2011

In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African private sector? We present novel estimates of the size of the private sector in 50 African...

Persistent link: https://www.econbiz.de/10010282595