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signifier. Based on Laclau's political theory and theories of International Political Economy, the paper argues that it is the …
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between abstract and theoretical aspects of monetary theory and the problems with money and banks we face today. … Aristotle -- 2.2 From Aristotle to the Theory of Marginal Utility -- 2.3 Contemporary Schools on the Characteristics of Money … Money for Menger -- 3.3 Mises' Theory of Money Value -- 3.4 Simmel's Philosophy of Money -- 3.5 Conclusion of Simmel and …
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This paper proposes a tractable New Keynesian (NK) economy with endogenous adjustment in product quality that nests the canonical framework. Endogenous quality choice reduces the slope of the traditional NK Phillips curve and ampliffes the economy's response to productivity shocks. This leads to...
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In this article, the discussion on quality levels in the monetary search theoretical model is extended. By having quality levels endogenously determined, we found that whether money holders have quality preferences is crucial to the results. While the effect of the fraction of money on quality...
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