Results 11 to 20 of about 77,176 (263)
On the Relevance of Monetary Aggregates in Monetary Policy Models [PDF]
SSRN Electronic Journal, 2005 This paper develops a business cycle model with a financial intermediation sector. Financial wealth is defined as a predetermined state variable. Both, the additional sector of financial intermediaries and predetermination of financial wealth, affect the demand for real financial wealth.
Feldkord, Eva-Ulrike +1 more
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A Model of the International Monetary System* [PDF]
The Quarterly Journal of Economics, 2016 AbstractWe propose a simple model of the international monetary system. We study the world supply and demand for reserve assets denominated in different currencies under a variety of scenarios: a hegemon versus a multipolar world; abundant versus scarce reserve assets; and a gold exchange standard versus a floating rate system.
Emmanuel Farhi, Matteo Maggiori
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A Monetary Model of Factor Utilisation [PDF]
SSRN Electronic Journal, 2002 The propagation mechanism of monetary shocks in an otherwise standard sticky-price model is examined, modified to incorporate factor hoarding in the form of variable capital utilisation rates and labour effort. In contrast to previous studies, it is found that real effects of monetary shocks can be generated at relatively low degrees of nominal ...
Katharine S Neiss, Evi Pappa
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A monetary model of global peace and health. [PDF]
Global HealthAbstract Background This study aims to expand on the concept of peace and health by drawing from Keynes' theory of the economic consequences of peace, in light of the global pandemic experienced in 2020 due to COVID_19. Methods In this paper, I will elaborate on the concept ...
Bastanifar I.
europepmc +4 more sources
Revisiting speculative hyperinflations in monetary models
Review of Economic Dynamics, 2021 This paper revisits the debate on ruling out speculative hyperinflations in monetary models. Although apparently a narrow issue, studying these extreme economies turns out to be quite illuminating in understanding the fundamentals of price level determination.
Maurice Obstfeld, Kenneth Rogoff
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Model Uncertainty and Monetary Policy [PDF]
SSRN Electronic Journal, 2007 Model uncertainty has the potential to change importantly how monetary policy should be conducted, making it an issue that central banks cannot ignore. In this paper, I use a standard new Keynesian business cycle model to analyze the behavior of a central bank that conducts policy with discretion while fearing that its model is misspeci…ed.
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Modeling and Prediction of Monetary and Non-monetary Business Values
2013 17th IEEE International Enterprise Distributed Object Computing Conference, 2013 In existing business model frameworks little attention is paid to a thorough understanding of the perceived customer value of a business’ offering as compared to competing offers. In this paper, we propose to use utility theory in combination with e3value models to address this issue. An actor's joint utility function specifies how much value the actor
Margus Välja +4 more
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THE EXCHANGE RATE DISCONNECT PUZZLE: A Panel Analysis for Developing Countries [PDF]
Pakistan Journal of Applied Economics, 2022 This study tests the validity of the exchange rate disconnect puzzle in developing countries by using the flexible price monetary model and the sticky price monetary model of the exchange rate by employing the static and the panel data estimation ...
Abida YOUSAF, Tahir MUKHTAR
doaj
Contagion Equilibria in a Monetary Model
Econometrica, 2007 The model of Lagos and Wright [9] alters the meeting friction of the typical search model of money to obtain degeneracy in equilibrium holdings and enhance analytical tractability. It introduces a round of Walrasian ‘centralized’ trading after each round of bilateral random ‘decentralized’ trading.
Aliprantis, Charalambos D. +2 more
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Monetary Shocks in Models with Inattentive Producers [PDF]
The Review of Economic Studies, 2015 We study models where prices respond slowly to shocks because firms are rationally inattentive. Producers must pay a cost to observe the determinants of the current profit maximizing price, and hence observe them infrequently. To generate large real effects of monetary shocks in such a model the time between observations must be long and/or highly ...
Alvarez F, Lippi F, Paciello L
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