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Was the Gibson Paradox for real? : a Wicksellian study of the relationship between interest rates and prices
Chadha, Jagjit; Perlman, Morris - 2014
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010402305
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Was the Gibson Paradox for real? : a Wicksellian study of the relationship between interest rates and prices
Chadha, Jagjit; Perlman, Morris - 2014
Persistent link: https://www.econbiz.de/10010401723
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Economic policy in India : for economic stimulus, or for austerity and volatility?
Sen, Sunanda; DasGupta, Zico - 2014
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
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Newly discovered gold does not distort the economy : it is not a market failure
Block, Walter; Barnett, William - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 3, pp. 281-288
premises. To wit, he maintains that pure market processes such as a gold discovery can "distort" prices and interest rates, and …
Persistent link: https://www.econbiz.de/10012316849
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Indeterminacy of Ramsey Model Under Heterogeneous Time Preference, Transversality Condition Issues, Theories of Price Level and Uniform Rate of Interest
Kim, Bryce - 2016
This paper presents a simple Ramsey-type model example where two infinitely-living agents have same utility function except for time preference, and shows that equilibrium is indeterminate that is to be interpreted as being non-existent. The issues regarding New Keynesian transversality...
Persistent link: https://www.econbiz.de/10012982564
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A non-linear analysis of Gibson's paradox in the Netherlands, 1800 - 2012
Caporale, Guglielmo Maria; Škare, Marinko - 2014
Persistent link: https://www.econbiz.de/10010364606
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The monetary economy and the economic crisis
Laidler, David - 2010
trading at false prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes …
Persistent link: https://www.econbiz.de/10010291902
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The monetary economy and the economic crisis
Laidler, David E. W. - 2010
trading at "false" prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes … thought of as relying on this factor. -- Crises ; money ; monetary economy ; general equilibrium ; cycles ; sticky prices … ; flexible prices ; false prices ; rate of interest ; forced saving ; Keynesian economics ; monetarism ; new Keynesian economics …
Persistent link: https://www.econbiz.de/10008655700
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Liquidity preference theory revisited : to ditch or to build on it?
Bibow, Jörg (contributor) - 2005
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and policy. Contrary to the neoclassical "special case"...
Persistent link: https://www.econbiz.de/10003229836
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International Parity Condition
Ogbu, Emmanuel idu - 2018
This article conducts empirical research of the state of balance (equal), in regards to simultaneous interest rates across different countries around the globe. It provides a clear insight and reasons for the disagreement between the PPP and IRP. This article also contains the valuation and...
Persistent link: https://www.econbiz.de/10012929226