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An analysis of Madison's essay, "Money," and a presentation of a model giving rise to equilibria that mimic general …
Persistent link: https://www.econbiz.de/10005491053
Could the Federal Reserve lower its overall currency processing costs by reallocating its high-speed currency sorting volume? Given estimates of currency shipping costs and scale economies for high-speed sorting, the authors’ model minimizes costs by optimal distribution of sorting volumes...
Persistent link: https://www.econbiz.de/10005491069
Persistent link: https://www.econbiz.de/10005373384
, the ECB regularly examines the implications of money growth for the inflation outlook over the medium term to long term …
Persistent link: https://www.econbiz.de/10005373401
Persistent link: https://www.econbiz.de/10005063804
The year 1982 saw the publication of Nicholas Kaldor’s The Scourge of Monetarism. Kaldor claimed his antimonetarist tract was in the tradition of Keynes’s 1936 General Theory. This article shows that Kaldor’s antimonetarist doctrines as well as their rival monetarist counterpart long...
Persistent link: https://www.econbiz.de/10005063819
Market participants recognize two opposing effects of money supply growth on interest rates: a temporary liquidity … effect and a permanent expectations effect. That the latter dominates in the long run is clear—a sustained increase in money … acceleration initially gluts the market for money balances. Depending on the relative strengths of these two opposing forces …
Persistent link: https://www.econbiz.de/10005063830
Innovations in the private financial sector influence the income velocity of money in an economy over the entire course …
Persistent link: https://www.econbiz.de/10005063875
An abstract for this article is not available.
Persistent link: https://www.econbiz.de/10005063891
that predictable seasonal movements in the money stock are not transmitted unnecessarily to interest rates. However … for the seasonal adjustment difficulties in 1983. First, he argues that the introduction of money market deposit accounts … funds rate in 1981 and 1982 may have caused seasonality in money demand that inappropriately affected the original 1983 …
Persistent link: https://www.econbiz.de/10005063896