-free asset over time. The four models specify this single asset to be private bonds, public bonds, public money, or private money … refers to the limits on private issue of money or bonds, or the supplies of publicly issued bonds or money.) …

Fiat money requires no backing to be accepted at a uniquely determined positive value. I show this using an equilibrium … adding a no-arbitrage condition by which the value of money cannot fall to zero if agents know that it can be positive. The … running a non-Ricardian policy or providing implicit backing. Models that remain silent on the nature of money can be misused …

Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … money. Is that because quantities of money are irrelevant to economic activity? To examine the role of monetary quantities … Singapore, this paper applies the user cost of money formula and the recently developed credit-card-augmented Divisia monetary …

This paper explores the specification and use of uncertainty measures in constructions of policy forecasts of money …

This paper introduces an empirical measure of the cost of allocating money market volatility between the money stock …

money, or towards newly created asset price bubbles. …

rates, an account of why the money multiplier approach failed, and a demonstration that interest on reserves does not change …