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Central bank digital currency, economic growth and inflation
Ozili, Peterson K - 2024
This study investigates the effect of CBDC issuance on economic growth rate and inflation rate in Nigeria. We are … interested in determining whether the rate of economic growth and inflation changed significantly after the issuance of a non …-interest bearing CBDC in Nigeria. Two-stage least square regression and granger causality test were used to analyse the data. Inflation …
Persistent link: https://www.econbiz.de/10015213768
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10015215390
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Implementing inflation targeting in Brazil: an institutional analysis
Strachman, Eduardo - 2009
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10015216813
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Revealing the naked truth behind price determinacy, infinite-horizon rational expectations, and inflation targeting
Eagle, David - 2007
large, but finite horizon and concludes that inflation targeting leads to price indeterminacy even with a Taylor …
Persistent link: https://www.econbiz.de/10015216962
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Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy
Hernandez-Verme, Paula; Wang, Wen-Yao - 2009
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10015217851
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Revealing the naked truth behind price determinacy, infinite-horizon rational expectations, and inflation targeting
Eagle, David - 2007
with an arbitrarily large, but finite horizon and concludes that inflation targeting leads to price indeterminacy even with …
Persistent link: https://www.econbiz.de/10015219199
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F.A. Hayek and his rational choice of monetary arrangements
Sahoo, Ganeswar - 2012
This paper addresses the perspective of Hayek’s doctrine on monetary arrangements in the economy and his favorable argument for an international central bank over national central bank. I also discussed Hayek’s view on free banking (i.e. for the free issue of bank notes) that would enable...
Persistent link: https://www.econbiz.de/10015232866
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10015260047
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10015260823
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Credit Expansion, the Prisoner´s Dilemma, and Free Banking as Mechanism Design
van den Hauwe, Ludwig - 2008
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10015261144