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We introduce an element of centralization in a random matching model of money that allows for private liabilities to …
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A stable and predictable demand for money function is a pre-requisite for the use of targets for monetary aggregates as … themselves in the estimation of such money functions, empirical interest has been renewed over the last decade driven by the … belief that a stable long-run money demand relationship continues to exist. This revival of activity in this area was aided …
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We investigate an overlapping generations monetary economy in which agents'expectations depend upon backward looking predictors of the future price level.
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A lifetime portfolio of risky and risk-free sexual activities is conceptually constructed in this paper. People's time allocation between risky and risk-free sexual activities affects, and is affected by, the prevalence of AIDS. A small satisfaction differential between risky sex and risk-free...
Persistent link: https://www.econbiz.de/10005515454
Hotelling's conceptual framework is expanded to incorporate the effects of a backstop technology on the planning horizon of the suppliers of an exhaustible resource and its price and quantity trajectories. It is shown that in the non-trivial case, the presence of a backstop technology shortens...
Persistent link: https://www.econbiz.de/10005515460