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Superneutrality of money under open market operations
Homburg, Stefan - 2015 - This version: 15 January 2015
Monetary policy is superneutral in an overlapping generations model. Previous authors have argued that superneutrality does not hold in such a setting. However, the standard results rely on the counter-factual premise of helicopter money and are overturned if money creation through open market...
Persistent link: https://www.econbiz.de/10010492458
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Superneutrality of money under open market operations
Homburg, Stefan - 2015
Monetary policy is superneutral in an overlapping generations model. Previous authors have argued that superneutrality does not hold in such a setting. However, the standard results rely on the counter-factual premise of helicopter money and are overturned if money creation through open market...
Persistent link: https://www.econbiz.de/10010483593
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Superneutrality of money under open market operations
Homburg, Stefan - In: Review of economics 66 (2015) 3, pp. 289-302
Persistent link: https://www.econbiz.de/10011477654
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An error in the theory of seigniorage
Mach, Petr - In: International journal of economic sciences : IJoES 12 (2023) 2, pp. 83-91
Persistent link: https://www.econbiz.de/10014519793
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Prices, value and seigniorage in Ricardo's monetary economics
Boyer, Jérôme de - In: Ricardo on money and finance : a bicentenary reappraisal, (pp. 30-52). 2013
Persistent link: https://www.econbiz.de/10009762022
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A Leviathan central bank : modeling seigniorage in a money search model
Waknis, Parag - In: Economics letters 125 (2014) 3, pp. 386-391
Persistent link: https://www.econbiz.de/10010506563
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On the quantity theory of money, credit, and seigniorage
Soldatos, Gerasimos Th.; Varelas, Erotokritos G. - In: The international journal of business and finance … 9 (2015) 5, pp. 93-102
Persistent link: https://www.econbiz.de/10011383544
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On the Quantity Theory of Money, Credit, and Seigniorage
Soldatos, Gerasimos - 2015
theory of commercial-bank-seigniorage approach is proposed in its place. It suggests that the financial system may be held …This paper argues the predictive power of the sectoral approach towards a quantity theory of credit is weak. A quantity … responsible for price and output fluctuations to the extent commercial bank seigniorage alters the stock of money in circulation …
Persistent link: https://www.econbiz.de/10013014750
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Shotgun Wedding : Fiscal and Monetary Policy
Bassetto, Marco; Sargent, Thomas J. - 2022
This paper describes interactions between monetary and fiscal policies that affect equilibrium price levels and interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation, and (c) conditions that secure a "nominal anchor'' in the...
Persistent link: https://www.econbiz.de/10013324140
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Shotgun Wedding : Fiscal and Monetary Policy
Bassetto, Marco - 2020
This paper describes interactions between monetary and fiscal policies that affect equilibrium price levels and interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation, and (c) conditions that secure a "nominal anchor'' in the...
Persistent link: https://www.econbiz.de/10012481961