consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …

recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …

-quadratic-Gaussian (LQG) setting. We first discuss how RI affects consumption smoothness and sensitivity, precautionary savings, asset pricing …, portfolio choice, and aggregate fluctuations in the univariate case. We then discuss the applications of RI to macroeconomic …

The paper revisits the investment simulation based on strategies exhibited by Generalized (m,2)-Zipf law to present an … particular length of words, we can see how wild historical fluctuations over time series data coped with the Zipf strategies. …

Economic reality is constituted by economic objects such as goods, commodities, money, value, price, and exchange that …

respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become … banks that are franchises of the ECB, (2) the secundary savings and loans banks, and (3) the tertiary investment banks. The …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with …