This is a research on Political Economy, Macroeconomics and Applied Economy, based on the Austrian Economics' approach over the economic cycles and applied to the Spanish case (2002-2014). Attention is focused on the endemic problem of economic cycles, such as successive and distorting periods...

Review of economic fundamentals and invitation to dialogue between economic schools for a better understanding and management of economic cycles. It is based on the theory of capital and the economic cycles of the Austrian Economics, since it is one of the few that considers money non - neutral...

It is well known that government monetary policies significantly impact financial markets. There have been numerous studies examining the relationship between monetary policy and the prices of financial assets, including equities and bonds. Little, however, has been done to explore the impact of...

This paper reviews the main properties of mixed-form (price) indices, in other words, chained indices which in real time behave as direct (fixed-base) indices. The European Union HICP is used as demonstration material.

With the rapid digitization of financial transactions, central banks have given considerable focus in recent years to the research and development of central bank digital currencies (CBDCs). While CBDCs could offer several advantages, there are concerns about end-user privacy. Traditional...

Computational methods both open the frontiers of economic analysis and serve as a bottleneck in what can be achieved. Using the quantum Monte Carlo (QMC) algorithm, we are the first to study whether quantum computing can improve the run time of economic applications and challenges in doing so....

Der Krieg in der Ukraine wird für Russland tiefgehende geopolitische und ökonomische Konsequenzen haben. In einem beispiellosen Ausmaß hat der Westen Sanktionen gegen Russland verhängt, die die jahrzehntelangen ökonomischen Verflechtungen weitestgehend auflösen. Zugleich erlebt Russland...

We introduce bounded rationality, along the lines of Gabaix (2020), in a canonical New Keynesian model calibrated to match Canadian macroeconomic data since Canada's adoption of inflation targeting. We use the model to provide a quantitative assessment of the macroeconomic impact of flexible...

We provide an update on the impact the COVID-19 pandemic on the demand for cash and the use of methods of payment based on data from the Bank Note Distribution System and from consumer surveys conducted in April and August 2021. Our key findings are as follows: Cash in circulation remained high...

Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an automated banking machine (ABM) or financial institution (FI) branch and more than half are within 5 km. Further, over three-quarters of band offices are within 20 km of an ABM...