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Divisia Second Moments
Barnett, William A.; Jones, Barry E.; Nesmith, Travis D. - 2008
W. A. Barnett originated the Divisia monetary aggregates, using Diewert's results on superlative index numbers and Barnett's derivation of the user cost of monetary asset services. The resulting Divisia index can be interpreted as a first moment aggregating over growth rates with expenditure...
Persistent link: https://www.econbiz.de/10015262588
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Divisia Second Moments: An Application of Stochastic Index Number Theory
Barnett, William A.; Jones, Barry E.; Nesmith, Travis D. - 2008
W. A. Barnett originated the Divisia monetary aggregates, using Diewert's results on superlative index numbers and Barnett's derivation of the user cost of monetary asset services. The resulting Divisia index can be interpreted as a first moment aggregating over growth rates with expenditure...
Persistent link: https://www.econbiz.de/10015262628
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The wage growth puzzle and the Philips Curve explained: recent developments
DiGabriele, Jim; Ojo, Marianne - 2019
Is the Philips Curve Still Applicable in Today’s Financial Environment? The relationship between wage inflation and unemployment, is not only considered by Gali and Gambetti (2018:2) to be a “a key link of the relation between prices and economic activity” but also regarded as the focus of...
Persistent link: https://www.econbiz.de/10015264647
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When savings are not counted as savings: The missed opportunity to use home equity to stimulate the U.S. economy
De Koning, Kees - 2022
release process of such equity into cash is hindered by the fact that a joint ownership of a home by a lending institution and … in 2020 called “Household Wealth and Consumption in the Euro Area”. A rough estimate of net housing stock values in the E ….U. showed a net worth in housing stock of Euro 45 trillion or in U.S. dollars $40.3 trillion in 2019. The World Bank estimated …
Persistent link: https://www.econbiz.de/10015266794
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Is Bitcoin Money? An Economic-Historical Analysis of Money, Its Functions and Its Prerequisites
Umlauft, Thomas - 2018
Bitcoin and other cryptocurrencies’ spectacular rise over the past years has attracted considerable public and academic interest. The important question arising in this context is whether cryptocurrencies can legitimately be regarded as money. This paper contributes to the current discourse by...
Persistent link: https://www.econbiz.de/10015266952
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On the Stabilizing Role of Cash for Societies
Seitz, Franz; Rösl, Gerhard - 2022
In this paper, we focus on the stabilizing role of cash from a society-wide perspective. Starting with conceptual remarks on the importance of money for the economy in general, special attention is paid to the unique characteristics of cash. As these become apparent especially during crisis...
Persistent link: https://www.econbiz.de/10015268224
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Analyse du multiplicateur monétaire en zone CEMAC
Ngomba Bodi, Francis Ghislain; Onomo, Julie - 2018
The originality of this paper is to provide the first analysis of the money multiplier in CEMAC zone. The money and its evolution is connected to the macroeconomic, monetary and financial situation. We have found that the money supply and the monetary base are linked in the long run in all the...
Persistent link: https://www.econbiz.de/10015269550
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Money velocity, digital currency, and inflation dynamics
Hermawan, Danny; Lie, Denny; Sasongko, Aryo; Yusan, Richard - 2023
inflation dynamics, based on a structural New Keynesian Phillips curve (NKPC) with an explicit money velocity term. The money …
Persistent link: https://www.econbiz.de/10015269826
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Monetary Inflation Relationship in Madagscar: a DSGE Model Analysis
Andrianady, Josué R.; Rajaonarison, Njakanasandratra R. - 2023
This work investigates the impact of an increase in the money supply on inflation using DSGE model in Madagascar. The results showed a strong positive correlation between these two variables, confirming the economic theory that an increase in the money supply leads to a proportional increase in...
Persistent link: https://www.econbiz.de/10015270074
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Hyperinflation in Venezuela. An Analysis Based on Cagan's Conceptual Framework
Olivo, Victor - 2023
monetary factors (the supply of and demand for money) as the main direct determinants of hyperinflationary dynamics. Evidence … is presented that the change in monetary dynamics through a jump in the rate of growth of the monetary base was a …
Persistent link: https://www.econbiz.de/10015270997