consists of interest rates, money, stock prices and output, all in first differences, may serve as a useful benchmark for Japan …

an increase in the stock of money leads, initially, to an increase in economic activity. Most writer have attributed the … real effects of money, in the short run, to mistaken expectations, non-market clearing or both. We argue instead, that … neither of these channels is needed to explain the facts. We show that a competitive market-clearing model in which money …

money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

recount their relationship as an experiment in novel engagements with economic things (money, corporations, universities … is a specific set of projects around money and payment. The intellectual background is the anthropology of finance and …