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Isis, 2023
From the spread of silver as commodity money in the early modern world to mass-produced national currency in the nineteenth century, coins had a dual nature. They supplied facts about the past when they were investigated by antiquarians, and they required knowledge of materials and their supply when used as currency.
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From the spread of silver as commodity money in the early modern world to mass-produced national currency in the nineteenth century, coins had a dual nature. They supplied facts about the past when they were investigated by antiquarians, and they required knowledge of materials and their supply when used as currency.
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1979
Conjectures about aggregate effects of intermediation, debt, financial regulation and deregulation are common in economists' discussions. Standard macroeconomic models provide no basis for these discussions. Models in the IS-LM tradition do not distinguish between inside and outside money or, more relevantly for present purposes, money produced by ...
Brunner, Karl, Meltzer, Allan
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Conjectures about aggregate effects of intermediation, debt, financial regulation and deregulation are common in economists' discussions. Standard macroeconomic models provide no basis for these discussions. Models in the IS-LM tradition do not distinguish between inside and outside money or, more relevantly for present purposes, money produced by ...
Brunner, Karl, Meltzer, Allan
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Money Supply and Economic Growth
Econometrica, 1971This paper gives explicit consideration to the basic role of monetary institutions in the context of a monetary growth model. The fundamental schema of this article is the following. Inflation will always affect the money rate of interest. Under the assumption that the reserves to demand deposit ratio depends on the money rate of interest, it follows ...
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Assessing Money Supply Rules [PDF]
, 2003 We provide evidence that Federal Reserve’s money supply can be characterized by a simple rule, whereby the growth rate of nonborrowed reserves depends on expected in‡ation. The Volcker-Greenspan era is found to be associated with a negative in‡ation elasticity, whereas our estimates indicate that the Federal Reserve in the pre-1980 era supplied money ...
Ibrahim Chowdhury, Andreas Schabert
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2014
Money supply is nowadays expected to contain precise, comprehensive, and real-time information about the macroeconomic system to facilitate decision making of the Central Bank. Because money supply, as driver or driven, is linked from time to time to several other variables like inflation, it touches every lair of civil society and politics.
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Money supply is nowadays expected to contain precise, comprehensive, and real-time information about the macroeconomic system to facilitate decision making of the Central Bank. Because money supply, as driver or driven, is linked from time to time to several other variables like inflation, it touches every lair of civil society and politics.
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1986
One of the enigmas of our time is why the quantity theory of money, in one form of another, has survived as long as it has. Nicholas Kaldor regards its current “monetarist” guise as a “terrible curse” and “a visitation of evil spirits” which has caused misery and agony in the form of mass unemployment in the major countries of the West.
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One of the enigmas of our time is why the quantity theory of money, in one form of another, has survived as long as it has. Nicholas Kaldor regards its current “monetarist” guise as a “terrible curse” and “a visitation of evil spirits” which has caused misery and agony in the form of mass unemployment in the major countries of the West.
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Économie appliquée, 1988
Money supply exogeneity is a theoretical abstraction which has governed the content and significance of orthodox monetary theory. This article explores the various possible senses of exogeneity and endogeneity in this context, and elaborates on a use of the concepts which is more suitable for policy purposes.
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Money supply exogeneity is a theoretical abstraction which has governed the content and significance of orthodox monetary theory. This article explores the various possible senses of exogeneity and endogeneity in this context, and elaborates on a use of the concepts which is more suitable for policy purposes.
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1982
In the first two post-war decades when Keynesianism dominated official thinking monetary policy was concerned with interest rates and the availability of credit rather than with the supply of money as such. It is only in the last decade that, under the influence of monetarism, governments have gradually turned more attention to the supply of money ...
Rosalind Levačić, Alexander Rebmann
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In the first two post-war decades when Keynesianism dominated official thinking monetary policy was concerned with interest rates and the availability of credit rather than with the supply of money as such. It is only in the last decade that, under the influence of monetarism, governments have gradually turned more attention to the supply of money ...
Rosalind Levačić, Alexander Rebmann
openaire +1 more source