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A comment on: 'Efficient propagation of shocks and the optimal return on money'
Huang, Pidong; Igarashi, Yoske - 2011
Lotteries are introduced into Cavalcanti and Erosa (2008) [2], a version of Trejos and Wright (1995) [4] with aggregate shocks. Lotteries improve welfare and eliminate the two notable features of the optimum with deterministic trades: over-production and history-dependence. Moreover, the optimum...
Persistent link: https://www.econbiz.de/10015239542
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Thinking Fast and Slow about Central Bank Digital Currencies
Ozili, Peterson K - 2024
Central banks are considering the issuance of a central bank digital currency to serve as a payment tool to support economic activities. A central bank digital currency can also serve secondary purposes that are related or unrelated to the statutory objectives of a central bank which is monetary...
Persistent link: https://www.econbiz.de/10015213387
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Supply Side Keynesianism
Obregon, Carlos - 2022
The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...
Persistent link: https://www.econbiz.de/10015214329
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Private Non-Bank Money – a Way for Theorizing CCS
Toncheva, Rossitsa - 2024
Money, as the quantitative representative of almost everything, decently occupies the central position in the … models, as one could also call that of "private non-bank money". The term "private non-bank money" is a conceptual successor … to the term of "barter money" . Both are formal, synthetic words created as a tool to get better sense of the pretty wide …
Persistent link: https://www.econbiz.de/10015214448
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Место России в истории финансовых инноваций (часть 2)
BLINOV, Sergey - 2020
the increase in real money supply on economic growth in a broad historical perspective. The dynamics of the real money …
Persistent link: https://www.econbiz.de/10015216131
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The Interest Rate in a Monetary Economy
Kehrwald, Bernie - 2014
money theory describes a monetary economy correctly in principle, but it is incomplete without the above-mentioned credit …
Persistent link: https://www.econbiz.de/10015216132
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The missing link: the finance-growth nexus and the Guyanese growth stagnation
Khemraj, Tarron - 2007
The theory underpinning financial liberalization postulates that unregulated financial markets are growth-augmenting. Guyana has been a model reformer since 1988, implementing market-friendly policies. Growth performance, however, has been subdued. This paper argues that natural entry barriers...
Persistent link: https://www.econbiz.de/10015217629
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Разработка модели макроэкономического равновесия с использованием метода системной динамики
Skribans, Valerijs - 2010
Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...
Persistent link: https://www.econbiz.de/10015221569
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Credit Monitoring in the USA and EU Countries
Kadish, Peter - 2010
in mid 70s and late 80s (USA 2007), namely Japan, is performed. The definition and role of money in the economy in its …
Persistent link: https://www.econbiz.de/10015222619
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Credit Monitoring in the USA and EU Countries
Kadish, Peter - 2010
in mid 70s and late 80s (USA 2007), namely Japan, is performed. The definition and role of money in the economy in its …
Persistent link: https://www.econbiz.de/10015222630