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Deriving the new quantity equation : an approach for a closed and an open economy
Welfens, Paul J. J. - 2014
This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...
Persistent link: https://www.econbiz.de/10010398774
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Fiat versus Representative Money under Debate, or How Right Keynes Was Once (!)
Andrei, Liviu - 2012
The applied economics understands the concept of money nearly exclusively through the quantitative theory, which … certainly remains one of the greatest theories in this topic area. On the other hand, the history of money – be it old or … history – these are representative and fiat money. Then, there comes the interesting point: this history “covered”, meaning a …
Persistent link: https://www.econbiz.de/10013096287
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The Emu is Done : How About the Fiscal Union and the Next Future of the United Europe?
Andrei, Liviu - 2012
The economic and monetary union was actually compulsory, despite that the Maastricht Treaty does not express as such. Moreover, specialists argue that the monetary union is equally required to be fiscal as well. And what is this? Of course, strenghtening central governance, once more against the...
Persistent link: https://www.econbiz.de/10013096289
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The Economic Integration : Concept and End of Process
Andrei, Liviu - 2012
A crisis that is currently stiffing the Euro Zone does equally suspend and shadows the debate on the European integration, that actually remains a different issue and, why not, still useful. This integration needs some more corrections: the old model revising, updating or readapting to a new...
Persistent link: https://www.econbiz.de/10013096290
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About How Did the First Ever Big Economic Crisis Look Like
Andrei, Liviu - 2012
enough, partly because the economic history has more in such a topic area. In other words, let us more deeply search for …
Persistent link: https://www.econbiz.de/10013096301
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Predicting Inflation : Portfolio Erosion or Collapse?
Crawford, George - 2012
What is the probability of high inflation; how high, when? These questions are important to all investors since even the 2% level to which we are accustomed will cut an investor's portfolio by over 17% during a decade. This 2% level is the target of the Federal Reserve, along with near 0%...
Persistent link: https://www.econbiz.de/10013099903
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A Bright Future Can Be Ours! : Macroeconomic Policy for Non-Euro-Zone Western Countries
Nevile, John - 2012
Radical changes in macroeconomic policy could produce a brighter future. The neoclassical myth that a free-market economy inevitably moves to an equilibrium position determined solely by supply-side factors must be rejected and replaced by the insight that the position of an economy in the...
Persistent link: https://www.econbiz.de/10013107400
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The Revived Bretton Woods System, Liquidity Creation, and Asset Price Bubbles
Dellas, Harris - 2013
In this article, we argue that the present constellation of exchange rate arrangements among the major currencies has led to the creation of excessive global liquidity, which has contributed to asset price bubbles. Although the exchange rates of many of the major currencies — including the...
Persistent link: https://www.econbiz.de/10013083537
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The New Monetary Economics Revisited
Cronin, David C. - 2013
separation” and objections raised against it. So long as a dominant role for base money in exchange exists, using it to provide … analysis, however, shows the transaction demand for government base money to be falling, a development that can be expected to … has been criticized — namely, the superiority of base money in payments. That development fits into the history of money …
Persistent link: https://www.econbiz.de/10013084327
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European Economics Update : Another Ten Theses on the Economic Integration
Andrei, Liviu - 2014
These theses, in their enunciation and debate sound like: I. There are both “incipient” and “advanced” integration processes; II. Integration changes its outline; III. There is also the “second European economics”; IV. The Communitarz Agricultural Programme (CAP), as a “mettre à...
Persistent link: https://www.econbiz.de/10013064870