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money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non … policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and …
Persistent link: https://www.econbiz.de/10005599686
Prudent macroeconomic policies helped Turkey to achieve economic growth under the Stand-By Arrangement. Executive Directors welcomed this development and stressed the need to widen the account deficit. They emphasized the need of a strong budget, powerful monetary and fiscal policies, and...
Persistent link: https://www.econbiz.de/10011243536
This Selected Issues paper for the Kingdom of the Netherlands reports the Antillean economy lacks natural resources and is open and undiversified, relying mainly on exports of services such as tourism, international financial services, shipping, and oil refining. Exports and domestic consumer...
Persistent link: https://www.econbiz.de/10011243672
In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in … which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …
Persistent link: https://www.econbiz.de/10008868035
In this paper, we study the major money-related doctrines of US husband-and-wife televangelist faith teachers Kenneth … balanced by warnings about the link between money and selfishness and a compassionate emphasis on the communalist principle of …
Persistent link: https://www.econbiz.de/10008755470
currency or an international central bank. This paper focuses on Hayek’s overall philosophy on international money mechanism … bank and his concerned over unstable arrangements in money mechanism,which, he believes, profoundly affects economic and …
Persistent link: https://www.econbiz.de/10011260508
This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and...
Persistent link: https://www.econbiz.de/10005264089
The Fisher's equation has become a foundation stone of modern macroeconomic, monetary and financial theories. Here it is shown that despite the estabilished status of Fisher's equation, it stands on a rather shaky foundations. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp24.pdf].
Persistent link: https://www.econbiz.de/10009319324
implications of our model for monetary economics. When a central bank increases the money supply, it must inject the money … somewhere in the economy. We demonstrate that the agent closest to the location where money is injected is better off, and the …. Symmetrically, any decrease in the money supply redistributes purchasing power in the other direction. We also outline the testable …
Persistent link: https://www.econbiz.de/10009358974
accumulation of the stock of money and the stock of commodities. This stocks constitute the demand and supply side of secondary …
Persistent link: https://www.econbiz.de/10009277271