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This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10008664014
Opinion is divided on whether it is better to have a single world money or variable exchange rates.Pope, Selten and von Hagen (2003) propose that fresh light would be shed via an analysis that allows forseven complexity impacts on the exchange rate that are underplayed (where not entirely...
Persistent link: https://www.econbiz.de/10003612858
level of a single firm and use explicit aggregation tools from hysteresis theory in mathematics and physics to calculate …
Persistent link: https://www.econbiz.de/10011392135
production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …
Persistent link: https://www.econbiz.de/10011281275
production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …
Persistent link: https://www.econbiz.de/10010464709
production function with Kaldor's technical progress function while maintaining a marginalist theory of factor prices in the …
Persistent link: https://www.econbiz.de/10010464712
This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10013137077
Perpetual property rights to land, structures, corporations and money allows investors to be overpaid to create inefficiencies and inequities in a way not measured by accountants and little noticed by economists. All intellectual property rights have limited life. Most assets depreciate over...
Persistent link: https://www.econbiz.de/10013124770
A robust and critical post-Keynesianism can be specified on the basis of time, uncertainty, and the investigation of the institutions that structure material life, without presupposing what those institutions are. This paper criticises the inclusion in influential presentations of the axiomatic...
Persistent link: https://www.econbiz.de/10013150394
, a little progress has been made in developing theory of Islamic economics. The paper proposes a methodology for making a …. The paper argues that the Muslim economists can proceed toward developing theory by translating human understanding of the … the Qur'an which have some content for developing economic theory. These themes are: riba, infaq, shukr, tauba and taqwa …
Persistent link: https://www.econbiz.de/10012935766