investment of money market funds (MMFs) at the Federal Reserve's overnight reverse repo (ON RRP) facility has continued to …

to the path of short-term rates; 3) deposit insurance has been extended, helping to insulate the money stock from credit …

money growth might be an important determinant of cyclical developments in real GDP beyond effects already captured by short … properties are also maintained when looking at a broader set of non-monetary indicator variables. Narrow money therefore seems …. As a result, once the information from narrow money is taken into account, what matters more for the forecast performance …

individuals use money to make transactions, and hence microfoundations for the cash in advance constraint. We analyze the … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are … chosen to act as money, and the level of economic development. …

The rate-of-return-dominance puzzle asks why low-return assets, like fiat money, are used in actual economies given … monetary models which arbitrarily restrict the marketability properties of alternative assets to make money valuable are … difficult to assess. In this paper, I provide a framework in which fiat money has value in equilibrium, even though a higher …

DSGE model. Considering SVAR models in which either the interest rate is predetermined for money or these two monetary … estimated monetary policy rule is strongly sensitive to the identification scheme. This suggests that the way money is …

's rule: short run increases in the money stock - whether through issuing spending coupons, open market operations or foreign … exchange intervention - change nothing as long as the money stock shrinks in the long run. Second, two simple ``Keynesian …

include only domestically held currency. The paper defines and estimates the size of the ‘domestic money supply”. Reference …