The European Central Bank has assigned a special role to money in its two pillar strategy and has received much … criticism for this decision. The case against including money in the central bank's interest rate rule is based on a standard … decades. In this paper, we develop a justification for including money in the interest rate rule by allowing for imperfect …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …

The European Central Bank has assigned a special role to money in its two pillar strategy and has received much … criticism for this decision. The case against including money in the central banks interest rate rule is based on a standard … decades. In this paper, we develop a justification for including money in the interest rate rule by allowing for imperfect …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …

The European Central Bank has assigned a special role to money in its two pillar strategy and has received much … criticism for this decision. The case against including money in the central bank’s interest rate rule is based on a standard … decades. In this paper, we develop a justification for including money in the interest rate rule by allowing for imperfect …

In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing …. The results reveal that U.S. households increase their demand for money in response to positive changes in inflation and …

In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing … substitution and opposing income effects. The econometric results reveal that U.S. households increase their demand for money in …

We present a policy framework for electronic money and payments. The framework poses a set of positive questions … questions are posed to four broad forms of e-money: privately or publicly issued, and with centralized or decentralized … issue new forms of e-money. …

economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the …This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the …

In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing …. The results reveal that U.S. households increase their demand for money in response to positive changes in inflation and …