-- Part I: How Money Lives and Dies -- Chapter 1: What Is Money, and Why Do We Need It? -- A Pre-Money Society -- Money as a … Unit of Account -- Money as a Store of Value -- Money as a Medium of Exchange -- The Difference between Wealth, Currency …, and Money -- Notes -- Chapter 2: "Fiat" Money -- Issuing Currency -- Government as Issuer -- Fiat -- Chapter 3: The Role …

create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment … rate and money growth in influencing economic outcomes are emphasised. Today’s standard DSGE approach to modelling …

We develop a dynamic general equilibrium model to analyze the relationship between monetary policy, money demand, and … unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … consumption, more attractive. Less consumption is associated with less output and therefore higher unemployment. To the contrary …

unemployment rate and money growth in influencing economic outcomes are also discussed. Today's standard theoretical approach to …