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Falling Use of Cash and Demand for Retail Central Bank Digital Currency
Khiaonarong, Tanai; Humphrey, David - 2022
Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older adults it is the reverse. Revealed preference tied to a changing population age structure seems to be the main influence on the demand for cash and why it is falling. Cash use...
Persistent link: https://www.econbiz.de/10013295132
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Modern Monetary Theory and public policy in the United Kingdom
Harrington, Deborah; Ormerod, Jessica - In: Modern monetary theory : key insights, leading thinkers, (pp. 263-288). 2023
Persistent link: https://www.econbiz.de/10014330333
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Friction-induced interbank rate volatility under alternative interest corridor systems
Link, Thomas; Neyer, Ulrike - 2017
This paper proposes rules for the control of interbank rate volatility under different interest corridor systems when volatility stems from interbank market frictions. Friction-induced volatility will occur if there is heterogeneity in two dimensions (across banks and time) with respect to the...
Persistent link: https://www.econbiz.de/10011684762
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Modeling the effect of multidimensional trust on individual monetary donations to charitable organizations
Alhidari, Ibrahim S.; Veludo-de-Oliveira, Tania Modesto; … - In: Nonprofit and voluntary sector quarterly 47 (2018) 3, pp. 623-644
Persistent link: https://www.econbiz.de/10011879402
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Intentions and donations : monetary charity in Kuwait during the COVID-19 pandemic
Al-Shamali, Sarah; Kashif, Muhammad - In: Journal of Islamic accounting and business research 15 (2023) 1, pp. 79-99
Persistent link: https://www.econbiz.de/10014452699
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A general equilibrium analysis of inflation and microfinance in developing countries
Müller, Daniel - 2013
This paper analyses the welfare effects of microfinance and inflation in developing countries. Therefore, we introduce … microfinance institution induces peer monitoring, which in turn enables entrepreneurship. Our main result is that there exists an … inflation threshold beyond which entrepreneurship collapses. We show that inflation affects the impact of microfinance on social …
Persistent link: https://www.econbiz.de/10009772193
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Population growth, the natural rate of interest, and inflation
Weiske, Sebastian - 2019
Population growth rates have fallen considerably in most developed countries. An important question for monetary policy is whether this has led to a fall in the natural rate of interest. In representative agent models, the response of the natural rate to a fertility shock crucially depends on...
Persistent link: https://www.econbiz.de/10011980508
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Endogenous Entry, International Business Cycles, and Welfare
Auray, Stéphane; Eyquem, Aurélien - Groupe d'Analyse et de Théorie Économique Lyon … - 2011
This paper examines if taking into account changes in the number of producers, or equivalently changes in the product variety space over the business cycle, helps to understand and replicate international business cycle facts. To this end, we develop a two-country model in which the economy is...
Persistent link: https://www.econbiz.de/10008913278
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The Bank of Britain
Investin, Bob - 2010
Following on from a paper by Yoshiharu Oritani, Public Governance of Central Banks: An Approach from New Institutional Economics. Public governance is an institutional framework whereby the general public governs a central bank by and through the legislative and executive bodies in a country....
Persistent link: https://www.econbiz.de/10013139704
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The Fed's asymmetric forecast errors
Chang, Andrew C. - 2018
I show that the probability that the Board of Governors of the Federal Reserve System staff's forecasts (the "Greenbooks'") overpredicted quarterly real gross domestic product (GDP) growth depends on both the forecast horizon and also whether the forecasted quarter was above or below trend real...
Persistent link: https://www.econbiz.de/10011927163