The aim of this paper is to analyze the demand of both traditional and new media of exchange – as cryptocurrencies and central bank digital currencies – proposing a novel specification of the demand for money. In this specification, the medium of payment (MOP) has three properties: the first...

One sentence summary: Do people see privacy as an attribute of media of payment? In the economic literature, a medium of payment has two properties: liquidity and store of value. The fast and increasing development of digital currencies raises the question: is privacy a third attribute? We test...

This book is an expository introduction to the methodology of sensitivity analysis of model output. It is primarily intended for investigators, students and researchers that are familiar with mathematical models but are less familiar with the techniques for performing their sensitivity analysis....

This book is an expository introduction to the methodology of sensitivity analysis of model output. It is primarily intended for investigators, students and researchers that are familiar with mathematical models but are less familiar with the techniques for performing their sensitivity analysis....

Foreword -- Preface -- Contents -- 1 Decisions and Sensitivity Analysis -- 2 Setup of Sensitivity Analysis -- Part I Deterministic Methods -- 3 Tornado Diagrams -- 3.1 The Underlying Intuition -- 3.1.1 Formal Treatment: First-Order Sensitivity Measures -- 3.1.2 Algorithmic Implementation --...