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Gibson's paradox, monetary policy, and the emergence of cycles

Hannsgen, Greg - 2004

Many empirical studies have found that interest rate have a positive effect on the price level. This paper pursues an obvious, but neglected explanation: interest payments are a cost of production that is at least in part passed on to costumers. A model shows that the cost-push effect of...

Persistent link: https://www.econbiz.de/10010266536

Gibson’s Paradox, Monetary Policy, and the Emergence of Cycles

Hannsgen, Greg - EconWPA - 2004

Many empirical studies have found that interest rate increases have a positive effect on the price level. This paper pursues an obvious, but neglected explanation: interest payments are a cost of production that is at least in part passed on to customers. A model shows that the cost- push effect...

Persistent link: https://www.econbiz.de/10005412732

Geld

Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2004

Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the … Marxismus, Band 5: Gegenöffentlichkeit–Hegemonialapparat. Hamburg: Argument-Verlag, ISBN 3-88619-435-3 …

Persistent link: https://www.econbiz.de/10005619742