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Did Monetary Laxity in Japan Cause the Bubble?

Posen, Adam S. - In: CESifo Forum 04 (2003) 4, pp. 21-26

Persistent link: https://www.econbiz.de/10011695739

The redistributive effects of monetary policy

Ledoit, Olivier - 2011

We introduce a model of the economy as a social network. Two agents are linked to the extent that they transact with each other. This generates well-defined topological notions of location, neighborhood and closeness. We investigate the implications of our model for monetary economics. When a...

Persistent link: https://www.econbiz.de/10010316933

Did Monetary Laxity in Japan Cause the Bubble?

Posen, Adam S. - In: CESifo Forum 4 (2003) 4, pp. 21-26

Persistent link: https://www.econbiz.de/10005013171

Seigniorage Revenue and Inflation Tax in Turkish economy

doğru, bülent - Volkswirtschaftliche Fakultät, … - 2013

The goal of this study is to test the implication of optimal seigniorage theory that in the long run higher tax rates … 1980-2011. We estimate the Mankiw’s (1987) optimal seigniorage model for Turkish Economy with the cointegration and vector …

Persistent link: https://www.econbiz.de/10011260525

Endogenous Money, Inflation and Welfare

Henriksen, Espen; Kydland, Finn - In: Review of Economic Dynamics 13 (2010) 2, pp. 470-486

This paper addresses the classic question: what are the welfare costs of inflation. We employ a model in which the ratios of currency to deposits and currency to reserves are endogenously determined. The model distinguishes quantitatively between three sources of welfare cost of inflation, and...

Persistent link: https://www.econbiz.de/10008516668

Seigniorage Earnings of Commercial Banks and State Bank of Pakistan

Arby, Muhammad Farooq - Volkswirtschaftliche Fakultät, … - 2006

The paper reviews the trend of seigniorage earnings by State Bank of Pakistan and commercial banks. It is found that … seigniorage revenue of the SBP has declined overtime which indicates autonomy of the central bank as well as less reliance of the … government on SBP’s resources for budget financing. In general, a direct relationship has been observed between seigniorage and …

Persistent link: https://www.econbiz.de/10005616811

Currency in circulation: global trends and the situation in the Czech republic

Cimburek, Jan; Řežábek, Pavel - In: Politická ekonomie 2008 (2008) 6, pp. 739-758

This paper deals with the evolution of currency in circulation and world trends in selected developed countries. We argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of fifteen years and that only electronic means of payment...

Persistent link: https://www.econbiz.de/10008754951

Uncertainty, Indeterminacy and Shannon's Derivation of Entropy: Implications for Policy Administration - A Systems Theoretical Approach

Author: A.G. Perison - EconWPA - 2001

Most prices and interest rates display fluctuating levels that embody extractable energy and equivalent amounts of money. Such fluctuations are also associated with varying degrees of uncertainty. Shannon's derivations of spectral entropy and information content offer computational techniques...

Persistent link: https://www.econbiz.de/10005561278

The enlargement of the European Union and the redistribution of seigniorage wealth

Feist, Holger - 2001

might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession …

Persistent link: https://www.econbiz.de/10011397787

Segregated balance accounts

Garratt, Rod; Martin, Antoine; McAndrews, James Joseph; … - 2015

This paper describes segregated balance accounts (SBAs), a concept for a new type of account that could provide increased competition for deposits, reduce system-wide balance sheet costs, and improve the transmission of monetary policy by facilitating greater pass-through of interest on excess...

Persistent link: https://www.econbiz.de/10011340973