Showing 1 - 10 of 66
Persistent link: https://www.econbiz.de/10001088527
Persistent link: https://www.econbiz.de/10009572005
In this essay I define money to be whatever objects serve as generally acceptable media of exchange and I define monetary economics to be the study of the causes and economic consequences of the monetization of exchange -- that is, of the use of media of exchange. These definitions lead me to...
Persistent link: https://www.econbiz.de/10012475325
This paper analyzes a reputational equilibrium for inflation under the generic assumption that monetary policy reflects proximate preferences for low expected inflation and positive unexpected inflation. The paper stresses the qualitative implication that in a reputational equilibrium the...
Persistent link: https://www.econbiz.de/10012476829
Persistent link: https://www.econbiz.de/10000694811
Persistent link: https://www.econbiz.de/10001014819
Persistent link: https://www.econbiz.de/10001016506
Persistent link: https://www.econbiz.de/10001021872
Persistent link: https://www.econbiz.de/10000939461
Persistent link: https://www.econbiz.de/10001060440