innovationsfreundliche Kultur wichtig, die sich neben der Bereitschaft zu Veränderungen durch gute Arbeitsbedingungen, eine Identifikation …, and to acquire a general capacity for coordinating unusual tasks. An innovation-friendly firm culture provides a helpful …

Early research work confirms that the use of the new European currency, the euro, could create an effect of money … complexity of the relationship between prices, currency unit and behavior as the money illusion effect can either increase or … decrease demand for specific brands. Tests the assumption that the size of the money illusion could vary by country and is …

‐term competitiveness of small and medium‐sized enterprises (SMEs). Following the introduction of the Single European Currency (referred to …

There has been a considerable revival of academic interest in questions about the fundamental nature of money and its …—particularly equilibrium theory—has been unable to explain money’s existence and to assign it an essential role in its models. These questions … of risk and value in financial and money markets. This collection of essays is the result of a workshop held at Bocconi …

This paper studies the validity of the Friedman rule in a search model with divisible money and divisible goods in … the one emphasized in the labor-market literature. Buyers cannot obtain the full return that an additional unit of money … provides to the match, which makes the purchasing power of money inefficiently low in equilibrium. Consequently, even though …

given money circulates internationally. We show the value of a given currency rises if it circulates abroad, and falls if …Abstract We develop a two-country, two-currency, search-theoretic model of monetary exchange, extending previous such … foreign money circulates locally. Also, we show that international monies have more value at home than abroad. These results …

-following actions. Signs, in turn, are outcomes of population-level interactions. I apply this framework on the case of money, analysing … the emotions that go along with the use of money, and presenting a stylized account of the emergence of money in terms of … the naturalized Searle-Aoki model. In this view, money is a neuronally anchored sign for emotions relating with social …

This paper argues that the phenomenon of money reinforces the cognitive factors that switch on entrepreneurial … alertness. More specifically, the introduction of money strengthens entrepreneu- rs’ sense of personal agency and hence the …” (contingency) beliefs. The emergence of money and a system of money prices enhances entrepreneurs’ perceived self-efficacy by …

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 …

Abstract This paper integrates a money and credit market into a static approximation of the baseline New Keynesian … model based on a money-and-credit-in-the-utility approach, in which real balances and borrowing contribute to the household …