can be analyzed as a credibility problem if the government has only one policy instrument, money supply carried out by … solve the credibility problem. They involve printing money or nominal debt and either (1) cutting taxes, (2) buying real … these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

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 …

based on commodity backed money. Transformational approach to conversion of the current monetary system model using modern …

money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile …

money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile …

money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn’t kept pace. In The Social Life of Money …Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as … many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile …

rate of unit production; and the cryptologic algorithm used for the protocol. Bitcoin-denominated relative prices were used …, avoiding much of the price volatility associated with the dollar price of Bitcoin. The resulting model can be used so better … assets such as commodity forms of money. …