upon money. The latter as a starting point thus gives rise to monetary analysis. The conception of money in monetary …

Prior to the financial crisis mainstream monetary policy practice had become disconnected from money. We outline the … basic rationale for this development using a simple model of money and credit in which we explore the conditions under which … money matters directly for the conduct of policy. Then, drawing on Goodfriend and McCallum’s (2007) DSGE model, we examine …

We propose a model in which money performs an essential role in the process of exchange, despite the presence of a … room for a record-keeping device, such as money, that strictly improves the functioning of the clearing house. …

demand for money, we assume that Government bonds are subject to a minimum purchase requirement. Differently from this theory …

We construct a search-theoretic model where fiat money coexists with real assets, and all assets can be used as a media … facts: (i) fiat money can be valued despite being dominated in its rate of return; (ii) real assets with identical dividend …

Prior to the financial crisis mainstream monetary policy practice had become disconnected from money. We outline the … basic rationale for this development using a simple model of money and credit in which we explore the conditions under which … money matters directly for the conduct of policy. Then, drawing on Goodfriend and McCallum's (2007) DSGE model, we examine …

At the beginning of the twentieth century, most economists took it for granted that the primary function of money is … explain what money is, they focused on the capacity of money to have value. In so doing, they gave primacy to the unit …-of-account function of money and originated the theory of chartalism. We show that the primacy placed on the numeraire by those writers …

At the beginning of the twentieth century, most economists took it for granted that the primary function of money is … explain what money is, they focused on the capacity of money to have value. In so doing, they gave primacy to the unit …-of-account function of money and originated the theory of chartalism. We show that the primacy placed on the numeraire by those writers …

the relationship between money, prices and interest, Mises brought originality and a new perspective over the monetary … rule? And most important how does the business cycle theory influence money? …