Given all the evidence supporting Milton Friedman's proposition that inflation is now and everywhere a monetary phenomenon, it seems that we are wrong when we tend to ignore the behaviour of the monetary aggregates at our peril. The total neglect of information about the monetary aggregates in...

Given all the evidence supporting Milton Friedman's proposition that inflation is now and everywhere a monetary phenomenon, it seems that we are wrong when we tend to ignore the behaviour of the monetary aggregates at our peril. The total neglect of information about the monetary aggregates in...

Nominal rigidities due to menu costs have become a standard element in closed economy macroeconomic modeling. The 'New Open Economy Macroeconomics' literature has investigated the implications of nominal rigidities in an open economy context and found that the currency in which prices are set...

Nominal rigidities due to menu costs have become a standard element in closed economy macroeconomic modeling. The "New Open Economy Macroeconomics" literature has investigated the implications of nominal rigidities in an open economy context and found that the currency in which prices are set...

Der vorliegende Beitrag behandelt die Auswirkungen geld- und fiskalpolitischer Maßnahmen, veränderter Erwartungen bezüglich der Erträge aus Investitionen und Aktien sowie von Änderungen der Risikoprämien für im Ausland aufgenommene Kredite auf das reale Sozialprodukt, das Preisniveau, das...

Der vorliegende Beitrag behandelt die Auswirkungen geld- und fiskalpolitischer Maßnahmen, veränderter Erwartungen bezüglich der Erträge aus Investitionen und Aktien sowie von Änderungen der Risikoprämien für im Ausland aufgenommene Kredite auf das reale Sozialprodukt, das Preisniveau, das...