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This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an …, but also sheds more light on the nature of money in modern economies. In orthodoxy, money is something that reduces … all orthodox approaches to banking, finance, and money: banks, financial instruments, and even money itself originate to …
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This paper analyzes the dynamic effects of anticipated monetary and fis- cal policies in a large monetary union, which is characterized by asym- metric interest rate transmission. We explicitly solve the asymmetric three-country model using the decomposition methods of Aoki (1981) and Fukuda...
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In diesem Beitrag werden die intertemporalen Wirkungen von antizipierten geld- und fiskalpolitischen Maßnahmen im … ist. Im Unterschied zur bestehenden Literatur zur Theorie einer Währungsunion und zur Theorie der internationalen …
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