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Policies for Transactional De-Dollarization : A Laboratory Study
Arrieta Vidal, Johar - 2020
to the theory literature by characterizing a new circulation regime where agents use the foreign currency solely for …
Persistent link: https://www.econbiz.de/10012833523
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Easy Money, Cheap Talk, or Spuds : Inducing Risk Aversion in Economics Experiments
Hvide, Hans K. - 2019
Experiments typically rely on small payments to incentivize participants. This works if participants view these payments as fungible with their own money, but if participants view the payments as a windfall, they may behave differently in experiments than in real life. We modify standard risky...
Persistent link: https://www.econbiz.de/10012865102
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Band or Point Inflation Targeting? An Experimental Approach
Cornand, Camille - 2016
We conduct laboratory experiments with human subjects to test the rationale of adopting a band versus point inflation targeting regime. Within the standard New Keynesian model, we evaluate the macroeconomic performances of both regimes according to the strength of shocks affecting the economy....
Persistent link: https://www.econbiz.de/10012992436
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Individual expectations and aggregate macro behavior
Assenza, Tiziana; Heemeijer, Peter; Hommes, Cars H.; … - 2013
Persistent link: https://www.econbiz.de/10010191431
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Monetary and fiscal policy rules in the European Eeconomic and Monetary Union : a simulation analysis
Haber, Gottfried; Neck, Reinhard; McKibbin, Warwick J. - 2001
Persistent link: https://www.econbiz.de/10001684568
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Kooperative makroökonomische Politik für stabile Preise und mehr Beschäftigung in Europa
Priewe, Jan - In: Neues Geld - alte Geldpolitik? : die EZB im …, (pp. 261-301). 2002
Persistent link: https://www.econbiz.de/10001680626
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Is there room for bulls, bears, and states in the circuit?
Wray, L. Randall - 2011
John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … capital asset prices, and thus investment theory, hanging. This paper extends Kregel's analysis to an examination of the role … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …
Persistent link: https://www.econbiz.de/10009523597
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Kondratieff Cycles and the Monetary System
Lechner, Gerhard - 2020
This paper deals with the question of whether there is a relationship between Kondratieff cycles and changes in the global monetary system. We use the model of the well-known Kondratieff scientist Carlota Perez to examine this relationship. It has been observed that at the beginning of the...
Persistent link: https://www.econbiz.de/10012848055
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Macroeconomic effects of a government overdraft on its central bank account
Khemraj, Tarron - 2024
The Guyana government, from 2015 to 2021, accumulated a large overdraft on its central bank account. It owed this overdraft to a binding debt ceiling limit and fractious political environment that prevented an increase in the ceiling, allowing for the auctioning of Treasury bills to create the...
Persistent link: https://www.econbiz.de/10014531238
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Centralized Institutions and Sudden Change
Rubin, Jared - 2010
Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? In this paper, I employ a general model which suggests that massive equilibrium...
Persistent link: https://www.econbiz.de/10013151923