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Subject
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Geldtheorie 7,032 Monetary theory 6,556 Theorie 3,951 Theory 3,937 Geldpolitik 2,672 Monetary policy 2,530 USA 1,820 United States 1,805 Geld 721 Money 644 Ökonomische Ideengeschichte 629 History of economic thought 628 Geldmenge 601 Money supply 599 Keynesian economics 374 Keynesianismus 374 Bank 363 Inflation 355 Macroeconomics 308 Makroökonomik 298 Geldgeschichte 294 Financial market 291 Finanzmarkt 291 Monetary history 280 Financial sector 278 Finanzsektor 277 Welt 256 World 256 Bank regulation 213 Bankenregulierung 213 Zins 207 Interest rate 199 Search theory 194 Suchtheorie 192 Post-Keynesian economics 189 Postkeynesianismus 189 Konjunkturtheorie 184 Kredit 181 Credit 176 Wirtschaftstheorie 174
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Online availability
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Free 1,353 Undetermined 566
Type of publication
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Book / Working Paper 4,180 Article 3,168 Journal 42
Type of publication (narrower categories)
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Article in journal 2,198 Aufsatz in Zeitschrift 2,198 Graue Literatur 949 Non-commercial literature 949 Working Paper 853 Arbeitspapier 836 Aufsatz im Buch 701 Book section 701 Hochschulschrift 278 Collection of articles of several authors 248 Sammelwerk 248 Thesis 196 Lehrbuch 191 Textbook 172 Aufsatzsammlung 146 Konferenzschrift 125 Rezension 110 Bibliografie enthalten 109 Bibliography included 109 Collection of articles written by one author 79 Sammlung 79 Conference proceedings 70 Festschrift 60 Dissertation u.a. Prüfungsschriften 49 Systematic review 48 Übersichtsarbeit 48 Commentary 39 Kommentar 39 Glossar enthalten 38 Glossary included 38 Reprint 25 Conference paper 24 Konferenzbeitrag 24 Mehrbändiges Werk 23 Multi-volume publication 23 Einführung 19 Bibliografie 16 Book review 13 Quelle 11 Handbook 9
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Language
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English 5,675 German 898 French 245 Undetermined 239 Spanish 118 Italian 93 Portuguese 54 Russian 27 Dutch 19 Polish 18 Hungarian 8 Czech 6 Lithuanian 5 Croatian 4 Danish 3 Latin 3 Norwegian 3 Romanian 3 Swedish 3 Ukrainian 3 Finnish 2 Slovak 2 Arabic 1 Bulgarian 1 Slovenian 1 Albanian 1
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Author
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Wright, Randall D. 67 Wray, L. Randall 59 Steiger, Otto 44 Berentsen, Aleksander 41 Laidler, David E. W. 41 Lavoie, Marc 41 Wallace, Neil 41 Shubik, Martin 39 Rocheteau, Guillaume 38 Issing, Otmar 35 Friedman, Benjamin M. 34 Waller, Christopher 33 Humphrey, Thomas M. 30 Heinsohn, Gunnar 29 Camera, Gabriele 28 Lagos, Ricardo 28 McCallum, Bennett T. 28 Rochon, Louis-Philippe 28 Fontana, Giuseppe 27 Cartelier, Jean 26 Leijonhufvud, Axel 25 Rossi, Sergio 25 Andolfatto, David 24 Dimand, Robert W. 24 Friedman, Milton 23 Stadermann, Hans-Joachim 23 Arestis, Philip 22 Brunner, Karl 22 Glasner, David 22 Goodhart, Charles A. E. 22 Keynes, John Maynard 22 Nosal, Ed 22 Smithin, John N. 21 Davidson, Paul 20 Johnson, Harry G. 20 Rogers, Colin 20 Walsh, Carl E. 20 Dow, Sheila C. 19 Freeman, Scott 19 Meltzer, Allan H. 19
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Institution
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National Bureau of Economic Research 67 International Monetary Fund (IMF) 45 Federal Reserve Bank of Cleveland 20 Federal Reserve Bank of St. Louis 15 Edward Elgar Publishing 14 Federal Reserve Board (Board of Governors of the Federal Reserve System) 11 Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 11 Metropolis-Verlag für Ökonomie Gesellschaft und Politik GmbH 9 Federal Reserve Bank of San Francisco 8 Federal Reserve Bank of Chicago 7 Federal Reserve Bank of Richmond 7 Springer Fachmedien Wiesbaden 7 Centro de Estudios Monetarios Latinoamericanos <México> 6 EconWPA 6 Federal Reserve Bank of Dallas 5 Federal Reserve Bank of Minneapolis 5 Internationaler Währungsfonds 5 Royal Economic Society 5 Federal Reserve Bank of Philadelphia 4 International Economic Association 4 Springer-Verlag GmbH 4 University of Toronto / Department of Economics 4 American Economic Association 3 Deutsche Bundesbank 3 Federal Reserve Bank of Kansas City 3 Federal Reserve Bank of New York 3 International Monetary Fund 3 International Symposium in Economic Theory and Econometrics <2, 1985, Austin, Tex.> 3 Jingji-Yanjiusuo <Taipeh> 3 Money, Macroeconomics and Finance Research Group 3 Symposium on Monetary Theory <1986, Taipeh> 3 American Bankers Association 2 Books on Demand GmbH <Norderstedt> 2 Brookings Institution 2 C.E.P.R. Discussion Papers 2 C.V. Starr Center for Applied Economics, Department of Economics 2 Center for Financial Studies <Frankfurt, Main> 2 Colloquium anläßlich der Verleihung der Ehrendoktorwürde durch die Fakultät für Wirtschaftswissenschaften der Universität Fridericiana zu Karlsruhe an Professor Doktor Rer. Pol. Norbert Kloten <1980, Karlsruhe> 2 Commission on Money and Credit 2 Department of Economics, Pennsylvania State University 2
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Published in...
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Journal of monetary economics 90 Journal of economic theory 73 Working paper / National Bureau of Economic Research, Inc. 70 NBER working paper series 66 History of political economy 57 Review / Federal Reserve Bank of St. Louis 55 Working papers / The Levy Economics Institute 54 Journal of money, credit and banking : JMCB 50 Journal of post-Keynesian economics : JPKE 47 NBER Working Paper 45 IMF Working Papers 43 International economic review 43 Cambridge journal of economics 41 The European journal of the history of economic thought 40 Macroeconomic dynamics 34 The economic journal : the journal of the Royal Economic Society 33 Economic theory : official journal of the Society for the Advancement of Economic Theory 32 Journal of macroeconomics 32 Review of political economy 32 Journal of economic dynamics & control 31 Journal of economic issues : jei 31 Revue économique : revue bimestrielle 28 A handbook of alternative monetary economics 27 Journal of the history of economic thought 25 Economic Review 24 Journal of economic literature 24 Staff report / Research Department, Federal Reserve Bank of Minneapolis 24 Europäische Hochschulschriften / 5 23 Kredit und Kapital 23 Routledge international studies in money and banking 23 International journal of political economy : a journal of translations 22 Southern economic journal 22 Springer eBook Collection 22 Working paper 22 Cowles Foundation discussion paper 21 Economie appliquée : archives de l'Institut de Sciences Mathématiques et Economiques Appliquées ; an international journal of economic analysis 21 Economies et sociétés : cahiers de l'ISMEA 20 Edward Elgar E-Book Archive 20 The review of Austrian economics 20 Discussion paper / Centre for Economic Policy Research 19
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Source
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ECONIS (ZBW) 6,728 USB Cologne (EcoSocSci) 325 RePEc 313 EconStor 20 BASE 2 ArchiDok 2
Showing 1 - 50 of 7,390
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Inconsistent definitions of money and currency in financial legislation as a threat to innovation and sustainability
Bindewald, Leander - In: Journal of risk and financial management : JRFM 14 (2021) 2/55, pp. 1-17
External shocks, like the climate catastrophe or the COVID-19 pandemic, as well as intrinsic fallacies like the securitization of bad debt leading up to the financial crisis in 2008, point to the need for updating our monetary and financial systems. Ensuring their adequacy and resilience is an...
Persistent link: https://ebtypo.dmz1.zbw/10012483615
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MMT: Modern Monetary Theory or Magical Monetary Thinking? : the empirical evidence
Ocampo, Emilio - 2020
This article presents a summary of the main theoretical arguments and policy recommendations of Modern Monetary Theory (MMT) and traces back its intellectual origins to the writings on money of Georg F. Knapp and on fiscal policy of Abba P. Lerner. It also presents evidence on two countries that...
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A note concerning government bond yields
Akram, Tanweer - 2020
This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...
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The General Theory as "depression economics"? : financial instability and crises in Keynes's monetary thought
Bibow, Jörg - 2020
This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus on financial instability. The analysis reveals Keynes's astute concerns about the stability/fragility of the banking system, especially under deflationary conditions. Keynes's...
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Money markets, collateral and monetary policy
De Fiore, Fiorella; Hoerova, Marie; Uhlig, Harald - 2022 - This draft: December 2021.
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Power theory of exchange and money
Stefanov, Yaroslav - In: Economies : open access journal 10 (2022) 1, pp. 1-16
Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and objective. Subjective equilibrium is given by the...
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Towards money market in general equilibrium framework
Truong Hong Trinh - In: International Journal of Financial Studies : open … 10 (2022) 1, pp. 1-18
This paper aims to integrate the money market into the structure of the economy. The microfoundation is the starting point to define the money market and the general equilibrium mechanism of the economy. On this basis, this research seeks a linking mechanism of the money market with economic...
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A simple framework for analyzing the macroeconomic effects of inside money
Világi, Balázs; Vonnák, Balázs - 2022
The majority of the New Keynesian DSGE literature assumes that the macroeconomic effects of monetary policy can be satisfactorily described by an interest rate rule without addressing the details of the money supply. We investigate whether this approach remains valid in the presence of inside...
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Alternative uses of functional finance : Lerner, MMT and the Sraffiansh
Summa, Ricardo de Figueiredo - 2022
In the present paper, we will construct three comparable 'toy models' to evaluate the alternative uses of functional finance from Lerner, MMT, and the Sraffians. First, we will argue that the general functional finance framework can be separated from the specific views of Lerner on how the...
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The incredible Taylor principle
Neumeyer, Pablo Andrés; Nicolini, Juan Pablo - 2022
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The structure-agency relation of growth imperative hypotheses in a credit economy
Kimmich, Christian; Wenzlaff, Ferdinand - In: New political economy 27 (2022) 2, pp. 277-295
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MMT and policy assignment in an open economy context : simplicity is useful, oversimpliflflication not so much
Razmi, Arslan - 2022
Modern Monetary Theory (MMT) has recently received significant at- tention in academic and policy circles. Critics question the sustainability of MMT-prescribed approaches to fiscal and monetary policy, especially over extended periods of time, in the presence of international financial markets,...
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Can cryptocurrencies be the future of money? : the role of democracy
Karan, Mehmet Baha - In: Central European review of economics and management : CEREM 6 (2022) 1, pp. 1-15
The purpose of this article is to evaluate if cryptocurrencies that have robust technology and anonymous features can be the money of the future. In this study, the transition phases of paper money, which started to be used at the beginning of the 17th century, to bank money, then banknotes and...
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Loanable funds versus money creation in banking : a benchmark result
Faure, Salomon A.; Gersbach, Hans - In: Journal of economics 135 (2022) 2, pp. 107-149
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Playing with money
Davis, Douglas D.; Korenok, Oleg; Norman, Peter; … - 2019
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Knapp's state theory of money and its reception in German academic discourse
Ehnts, Dirk H. - 2019
In 1905, Georg Friedrich Knapp published The State Theory of Money in his native German, claiming that money is a "creature of law" and not connected to metals via some intrinsic value. When the English translation appeared in 1924, apparently at the wishes of John Maynard Keynes, the German...
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Inconsistent definitions of money and currency in financial legislation as a threat to innovation and sustainability
Bindewald, Leander - In: Journal of Risk and Financial Management 14 (2021) 2, pp. 1-17
External shocks, like the climate catastrophe or the COVID-19 pandemic, as well as intrinsic fallacies like the securitization of bad debt leading up to the financial crisis in 2008, point to the need for updating our monetary and financial systems. Ensuring their adequacy and resilience is an...
Persistent link: https://ebtypo.dmz1.zbw/10012611612
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Money and the Terms of Trade
Rotemberg, Julio J. - 2021
This paper examines the connection between money and the terms of trade in the context of a simple monetary equilibrium model with flexible prices. Money is held for transactions purposes. Because carrying out financial transactions is costly, households visit their financial intermediaries only...
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A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics : 2 Ghosts, 2 Eccentricities, a Fallacy, a Mirage and a Mythos
Buiter, Willem H. - 2021
Monetary theory and policy are part of intertemporal public finance. The lecture reviews some interesting recent developments. The two ghosts are the venerable liquidity trap and the Pigou effect or real balance effect. The eccentricities are negative nominal interest rates and the helicopter...
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A Search-Theoretic Approach to the Modern Money Theory
Gunji, Hiroshi - 2021
This study constructs a money search theory that includes several key components of the modern money/monetary theory: the credit/debt theory of money, debt pyramid, tax-driven money, endogenous money supply, stock-flow consistent model, functional finance, and job guarantee (JG). Unlike the...
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Distribution-Dependent Value of Money : A Coalition-Proof Approach to Monetary Equilibrium
Kim, Byoung-Ki; Kwon, Ohik; Lee, Suk won - 2021
We present a simple, finite-state search model to understand how the cross-sectional distribution of money affects its value. We first document a network effect: the value of a given unit of money is higher when its distribution is even, rather than skewed. We also find some distributions to be...
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Real Interest, Money Surprises and Anticipated Inflation
Makin, John H. - 2021
This paper investigates the hypothesis that surprise changes in the money supply and anticipated inflation (the Mundell-Tobin effect) are both inversely related to the expected real interest rate. The two novel aspects of the investigation are tests of the hypothesized impact of money surprises...
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Market Structure and Monetary Non-neutrality
Mongey, Simon - 2021
I study a general equilibrium menu cost model with a continuum of sectors, idiosyncratic and aggregate shocks, and the novel feature that each sector consists of strategically engaged firms. Compared to an economy with monopolistically competitive sectors—separately parameterized to match the...
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Distribution-dependent value of money : a coalition-proof approach to monetary equilibrium
Kim, Byoung-Ki; Kwon, Ohik; Lee, Suk Won - 2021
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Money and Interest in a Cash-in-Advance Economy
Lucas, Robert E.; Stokey, Nancy L. - 2021
In this paper we analyze an aggregative general equilibrimi model in which the use of money is motivated by a cash-in-advance constraint, applied to purchases of a subset of consumption goods. The system is subject to both real and monetary shocks, which are economy-wide and observed by all. We...
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Getting the Measure of Money : A Critical Assessment of UK Monetary Indicators
Evans, Anthony J. - 2021
The Monetary Policy Committee of the Bank of England’s reliance on faulty indicators has led to suboptimal policy decisions and masked what is actually happening in the economy. The introduction of quantitative easing (QE) in 2009 has made the money supply relevant again and made a discussion...
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The Liquidity Constraint of Banks and Monetary Non-Neutrality in the Steady State
Wang, Tianxi - 2021
This paper shows that monetary policy produces real effects in the steady state by impacting banks' liquidity constraint, in the absence of frictions that have been used to generate non-neutrality, such as nominal rigidity and search frictions. Moreover, the effects for different types of banks...
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Contracts and Money
Jovanovic, Boyan; Ueda, Masako - 2021
We analyze the contractual relation between workers and their employers when there is nominal risk. The key feature of the problem is that the consumption deflator is random and observed sometime after the effort is exerted. The worker's effort is not observable, and to induce the agent to work,...
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Money and Micro-Economics
Salin, Pascal - 2021
Discussion of monetary policy tends to ignore entirely the behaviour of individuals and focuses instead on aggregate, or macro-economic, variables such as inflation, growth and employment.An expansion of the quantity of money that leads to inflation will reduce the real value of cash balances...
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On ‘Rusting’ Money. Silvio Gesell’s Schwundgeld Reconsidered. Part II : The Long Run
Rehme, Günther - 2021
Silvio Gesell argued that ‘rusting’ money is economically and socially beneficial;that claim has often been contended. In Part II of the paper I concentrate on thelong-run implications of his ideas. I show that introducing money depreciationin isolation may be economically non-beneficial in...
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On ‘Rusting’ Money. Silvio Gesell's Schwundgeld Reconsidered. Part I : The Short Run
Rehme, Günther - 2021
Silvio Gesell hypothesized that money depreciation is economically and sociallybeneficial, ideas that have often been contended. Here I analyze that in a Sidrauskimodel in which households additionally have a ‘love of wealth’-motive. In thefirst part of this work these features provide the...
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Coexistence of Money and Interest-Bearing Bonds
van Buggenum, Hugo - 2021
This paper revisits how coexistence of money and bonds can make a society better off. For this purpose, a model is constructed in which payment instruments matter for settling real transactions and savings instruments matter because agents differ in how they discount future utility. Because...
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Money, Credit and Interest Rates in the Business Cycle
Friedman, Benjamin M. - 2021
Fluctuations of business activity in the United States clearly have their monetary and financial side, but these aspects of U.S. economic fluctuations exhibit few quantitative regularities that have persisted unchanged across spans of tine over which the nation's financial markets have...
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Monetary Dynamics with Proportional Transaction Costs and Fixed Payment Periods
Grossman, Sanford J. - 2021
A general equilibrium model of an economy is presented where people hold money rather than bonds in order to economize on transaction costs. In any such model it is not optimal for individuals to instantaneously adjust their money holdings when new information arrives. The (endogenous) delayed...
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Another Look at the Evidence on Money-Income Causality
Friedman, Benjamin M.; Kuttner, Kenneth N. - 2021
Stock and Watson's widely noted finding that money has statistically significant marginal predictive power with respect to real output (as measured by industrial production), even in a sample extending through 1985 and even in the presence of a short-term interest rate, is not robust to two...
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Monetary Finance
Galle, Brian D.; Listokin, Yair - 2021
Conventional economic wisdom holds that governments cannot pay their bills by printing money. Running the printing press—or, at modern central banks, tapping a few keys to create electronic funds—causes inflation, and inflation can destroy economies. Yet as it turns out, since 2008 developed...
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Basic Mathematical Model for MMT
Tanaka, Yasuhito - 2021
In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting attention, but it has not been analyzed theoretically or mathematically. This study aims to provide a theoretical basis for the skeleton of the MMT argument, while maintaining the basics of the...
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Mathematical Background of the Theory of Cycle of Money
Challoumis Κωνσταντίνος Χαλλουμής, … - 2021
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Money and the Dispersion of Relative Prices
Hercowitz, Zvi - 2021
A price dispersion equation is tested with data from the German hyper-inflation. The equation is derived from a version of Lucas' (1973) and Barro's (1976) partial information-localized market models. In this extension, different excess demand elasticities across commodities imply a testable...
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Money Creation in Decentralized Finance : A Dynamic Model of Stablecoin and Crypto Shadow Banking
Li, Ye; Mayer, Simon - 2021
Stablecoins rise to meet the demand for safe assets in decentralized finance. Stablecoin issuers transform risky reserve assets into tokens of stable values, deploying a variety of tactics. To address the questions on the viability of stablecoins, regulations, and the initiatives led by large...
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Very Simple Mathematical Model of MMT (Modern Monetary Theory)
Tanaka, Yasuhito - 2021
In recent years, a school of economics called MMT (Modern Monetary Theory) has been attracting attention, but it has not been analyzed theoretically or mathematically. This study aims to provide a simple theoretical basis for the skeleton of the MMT argument, while maintaining the basics of the...
Persistent link: https://ebtypo.dmz1.zbw/10013214881
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Interest Rates and Prices in an Inventory Model of Money with Credit
Dotsey, Michael; Guerrón-Quintana, Pablo - 2021
Using a segmented market model that includes state-dependent asset market decisions along with access to credit, we analyze the impact that transactions credit has on interest rates and prices. We find that the availability of credit substantially changes the dynamics in the model, allowing...
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A Framework for Monetary and Banking Analysis
Fischer, Stanley - 2021
The paper sets out and analyzes a simple model of money, banking, and price level determination. The model is first used to illustrate recent developments in the theory and analysis of banking, particularly the distinction between the portfolio management services provided by banks and their...
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A Fiscal Theory of Money and Banking
He, Ping; Liu, Zehao; Xie, Chengbo - 2021
We introduce banks to the fiscal theory of price level to study the effectiveness of open market operations in correcting the distortions caused by an improper tax rate. A rise in the tax rate increases the real purchasing power of payment liquidity for short-term consumption, but reduces firms'...
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Money, Imperfect Information and Economic Fluctuations
Greenwald, Bruce C. N.; Stiglitz, Joseph E. - 2021
This paper summarizes the macro-economic and, in particular, monetary and financial market implications of recent developments in the micro-economic theory of imperfect information. These micro-economic models which lead to credit-rationing on the one hand and limitations in the availability of...
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On the Coexistence of Cryptocurrency and Fiat Money
Yu, Zhixiu - 2021
Cryptocurrency is private money and is costly to produce. In this paper, I ask whether cryptocurrency can serve as a medium of exchange, and whether it can coexist with fiat money as a widely accepted medium of exchange. To answer these questions, I develop two search-theoretic models: a model...
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Money, Credit Constraints, and Economic Activity
Blinder, Alan S.; Stiglitz, Joseph E. - 2021
When government expenditures exceed current tax revenues, the resulting deficit must be financed either by issuing bonds, which imply obligations to levy future taxes, or by creating high-powered money. The choice between money and bonds is often thought to be of great moment for both real and...
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Loanable Funds theory vs Liquidity Preference theory : The Validity of Walras’ Law in a Monetary Productive Economy with Bonds
Túñez Area, Narciso - 2021
[enter AbsIn a recent paper Túñez (2016) has reviewed the validity of Walras’Law for a Monetary Exchange Economy using a Non-Compensatory Disequilibrium Framework (NCDF). This paper will apply the same theoretical Framework to a Monetary Productive Economy with Bonds to demonstrate that,...
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Structural Change in Post Keynesian Monetary Theory : A Non-Compensatory Disequilibrium Framework
Túñez Area, Narciso - 2021
Post Keynesian Economics has shifted away and even renegade from Keynes' original research program, i.e., the Unemployment Equilibrium thesis, endogenous money and liquidity preference determination of interest rate in which money and uncertainty play a fundamental part. This paper attempts to...
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Fiat Money, Cryptocurrencies, and the Pure Theory of Money
Glasner, David - 2021
This paper attempts to account for the rising value of cryptocurrencies using basic concepts of monetary theory. A positive value of fiat money is itself problematic inasmuch as that value apparently depends entirely on its expected resale value. A current value entirely dependent on expected...
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