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 …

This paper by building on the general theory of the monetary circuit, proves that money-as a pure bank credit liability …

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 …

We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model with staggered wages …. The money wage is fixed for two periods, and is chosen according to intertemporal optimization. Agents have labour market …

economic development trends, 1970-1982, in Zambia - covers balance of payments, economic growth, trade, inflation, wages …, employment, income distribution, consumption, etc.; discusses economic policy options. References, statistical tables. …