Recently, a number of authors have argued that the standard search model cannot generate the observed business …

In most countries, the supply of paper money is controlled by a state institution. This paper provides an explanation …

today we have competition between issuers of money, namely in the international context, with electronic money, and in large …The role of money in society has been a controversial topic in economic theory over many years. Particular attention … has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of …

money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the … sample period back to the 1980s, a period characterised by higher volatility in inflation and money growth. …

. Looking forward, an open question is whether this change in the relationship between money, credit, the term spread and …