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Monopoly in real life : the housing market, finance and inequality

Baur, Dirk G. - 2019

This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth …

Persistent link: https://www.econbiz.de/10012268409

Modeling monopoly money: government as the source of the price level and unemployment

Levey, Sam - 2021

Many of the claims put forth by Modern Monetary Theory (MMT) center around the state's monopoly over its own currency …. In this paper I interrogate the plausibility of two claims: 1) MMT's theory of the price level - that the price level is … building a model of "monopoly money" capable of producing these two outcomes. …

Persistent link: https://www.econbiz.de/10012609353

The deposits channel revisited

Schaffer, Matthew; Segev, Nimrod - In: Journal of applied econometrics 37 (2022) 2, pp. 450-458

Persistent link: https://www.econbiz.de/10013165249

Money, credit and imperfect competition among banks

Head, Allen; Kam, Timothy; Ng, Sam; Pan, Isaac - 2022

quantitative theory consistent with these empirical observations, banks' lending market power is determined in equilibrium and is a …

Persistent link: https://www.econbiz.de/10013169196

Market power and monetary policy transmission

Duval, Romain; Furceri, Davide; Lee, Raphael; Mendes … - 2021

We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the United States and a large cross-country firm-level dataset for 14 advanced economies. The estimated impact of a firm's markup on its response to a monetary policy shock...