money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … case for a money growth rule, and the expectations augmented Phillips curve are then taken up, followed by a discussion of …

rate and money growth in influencing economic outcomes are emphasised. Today's standard DSGE approach to modelling …

We turn our attention to the role of money for determining nominal magnitudes. Using US data, we find that the … aggregate 'nominal output plus and stock market capitalisation' is closely related to the money stock, lending support to one of … keep a very close eye on money supply if it wants to prevent consumer and/or asset price inflation. …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … for government money, where the terms of bank deposit contracts are constrained by the liquidity insurance available in …

information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

We model entrepreneurial finance using a combination of fiat money, traditional bank loans, and home equity loans. The …

real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with …