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A Theory of Continuum Economies with Independent Shocks and Matchings

Karavaev, Andrei - 2008

Numerous economic models employ a continuum of negligible agents with a sequence of idiosyncratic shocks and random matchings. Several attempts have been made to build a rigorous mathematical justification for such models, but these attempts have left many questions unanswered. In this paper, we...

Persistent link: https://www.econbiz.de/10015218057

Establishing a comprehensive census of undergraduate economics curricula:Foundational and special requirements for major programs in the U.S.

Turner, Grant - 2018

This study is the first of a series of studies, collectively embodying a multiphase mixed methods design. The overall objective of these studies is to explore and address a variety of issues and features of the discipline of economics, particularly as they relate to and represent past present...

Persistent link: https://www.econbiz.de/10015220548

The development of non-monetary means of payment

Minzyuk, Larysa - 2010

propose a very simple search model to explore acceptability of means of payment different from legal tender - fiat money … of payment over money in Russia might have been a result of the driving forces of the demonetiziation equilibrium. We …, commodity money, and trade credit. In each case, we show that monetization through the proposed means of payment is always a …

Persistent link: https://www.econbiz.de/10015225253

A Theory of Continuum Economies with Idiosyncratic Shocks and Random Matchings

Karavaev, Andrei - 2008

Many economic models use a continuum of negligible agents to avoid considering one person's effect on aggregate characteristics of the economy. Along with a continuum of agents, these models often incorporate a sequence of independent shocks and random matchings. Despite frequent use of such...

Persistent link: https://www.econbiz.de/10015253417

Free Banking, the Real-Balance Effect, and Walras´ Law

van den Hauwe, Ludwig - 2008

The author of this article draws special attention to two particular claims of the free bankers concerning the supposed working characteristics of a fractional-reserve free banking system which may strike the reader as questionable. The first of these relates to the alleged absence of a...

Persistent link: https://www.econbiz.de/10015214871

The impact of foreign interest rate on the macroeconomic performance of Turkey

Eruygur, Aysegul - 2004

In this study, we examine the effects of a shock in foreign interest rate on the macroeconomic performance of Turkey. We use two different structural vector autoregression models (SVAR) and specify them differently for the pre and post 2001:6 period. Based on the results of the SVAR models we...

Persistent link: https://www.econbiz.de/10015215026

The role of compensation in money market and new money market instruments Open

Duduiala-Popescu, Lorena - 2009

Creation and proper functioning of the money market in Romania is subject to a preponderant constancy of private … property, to support competition as a factor increasing the efficiency of the economy. Appearance money market in Romania is …

Persistent link: https://www.econbiz.de/10015215548

Free Banking, the Real-Balance Effect, and Walras´ Law

van den Hauwe, Ludwig - 2008

Persistent link: https://www.econbiz.de/10015218143

Free Banking, the Real-Balance Effect, and Walras´ Law

van den Hauwe, Ludwig - 2008

Persistent link: https://www.econbiz.de/10015218172

The Conduct of Monetary Policy in Turkey in the Pre- and Post-crisis Period of 2001 in Comparative Perspective: a Case for Central Bank Independence

Alper, Emre; Hatipoglu, Ozan - 2009

We document the role of independence for Central Bank of Republic of Turkey (CBRT) as it matters to successful implementation of monetary policy. We compare the implementation of monetary policy pre- and post-crisis periods within an empirical framework which allows us to measure the role of...

Persistent link: https://www.econbiz.de/10015218938