Showing 1 - 10 of 21,721
selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and … their lagged values using the Vector Auto-regressive (VAR) analytical technique. The Classical quantity theory of money, the … Cambridge Cash Balanced, the liquidity preference theory and the Monetarists as theoretical frameworks were explored to …
Persistent link: https://www.econbiz.de/10012062559
Empirical data is presented suggesting that high private and, to a lesser extent, public debt levels place a strong drag upon economic growth. A simple, demand-based, cash flow (DBCF) model of the economy is developed, separating out flows by marginal propensity to spend. This approach is both...
Persistent link: https://www.econbiz.de/10012980568
We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off,...
Persistent link: https://www.econbiz.de/10013319010
Persistent link: https://www.econbiz.de/10001381944
Persistent link: https://www.econbiz.de/10013542609
The purpose of this research study has been to expand our understanding of the finance-growth ‘nexus’ to finance-growth-inequality ‘nexus’ in the presence of both the formal and the informal sources of borrowing. Using empirical evidence of IHDS Survey data for two rounds the study...
Persistent link: https://www.econbiz.de/10012892155
We study the relationship between bank lending standards, loan growth and the business cycle in the euro area and the US within a vector error correciton model using Bayesian estimation methods. To deal with the short data series available for the euro area, we exploit information from the...
Persistent link: https://www.econbiz.de/10010197600
In this paper I study the behavior of prices in a growing economy in which the money supply is held constant. I show that with increasing levels of output, it is a natural outcome that prices of economic goods will decrease over time, which it is what we define as deflation. In this context, I...
Persistent link: https://www.econbiz.de/10012992571
Persistent link: https://www.econbiz.de/10010423972
Persistent link: https://www.econbiz.de/10009718831