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-Lerner condition is met. These results carry over a model with active fiscal policies, and hold within a medium-scale model, although …
Persistent link: https://www.econbiz.de/10010949160
Precedent studies have designed a novel financial mechanism ensuring others access and exploit intellectual capital while protecting the right holder’s profit. By the mechanism, the national central bank would fund the generation and adoption of intellectual capital, e.g., a license fee, and...
Persistent link: https://www.econbiz.de/10014240654
. Absence of significant fiscal redistribution mechanisms among EU members is not an obstacle to monetary union. Neither is … provided the political will exists to adopt a flexible interpretation of the fiscal criteria …
Persistent link: https://www.econbiz.de/10014089435
Following the latest comprehensive working paper proposal for the Intellectual Property Currency (IPC) at SSRN: http://ssrn.com/abstract=4160537, we have built a scenario showing a specific example of the IPC framework for better understanding it. The scenario describes a quantitative story...
Persistent link: https://www.econbiz.de/10014079086
There has been a longstanding concern about protecting intellectual capital. The legislation awards a generator of the capital with a finite period of a monopoly right to access it.Under the protection, a right holder may exclusively exploit its intellectual capital and assign or license the...
Persistent link: https://www.econbiz.de/10014080884
his essay places the first blueprint for the Intellectual Property Currency (IPC) funding that the International Central Bank for Intellectual Properties (ICB/IP) would issue to finance the implementation of intellectual capital and the generation of the next one. The blueprint formulates the...
Persistent link: https://www.econbiz.de/10014084592
exchange rate peg as a policy anchor. However, with the end of the commodity boom in 2014, fiscal deficits have grown and … reserves have fallen. One route to restoring long-run sustainability would be to combine fiscal consolidation with a switch to … fixed-rate regime, while not optimal, is feasible, if supported by a larger fiscal effort …
Persistent link: https://www.econbiz.de/10013295002
This essay places the second version of the blueprint for the Intellectual Property Currency (IPC), in which we have updated the first one with more detailed descriptions in depth. The IPC would be issued by the International Central Bank for Intellectual Property (ICB/IP) upon request when the...
Persistent link: https://www.econbiz.de/10013405587
The antecedent studies have designed a novel financial mechanism in which, upon trading intellectual capital, the economy creates or receives money to ensure unimpeded capital access and spur its generation and exploitation. This piece summarises some mathematical aspects, allowing us to apply...
Persistent link: https://www.econbiz.de/10014358610
As some scholars have requested, this essay briefly reviews the precedent studies over “Intellectual Capital Money (IKM)” with a unified perspective in the form of a statement of purpose. The first component designs the IKM funding under the balance sheet approach. The second component shows...
Persistent link: https://www.econbiz.de/10014346505