منابع مشابه
Money, Growth and Indeterminacy
In this article consumers need money to reduce their transaction costs. We highlight the existence of indeterminacy under a constant money growth within an endogenous growth framework. Real indeterminacy is avoided by an alternative monetary policy such as the interest pegging. The residual price indeterminacy is also ruled out if this monetary policy is completed by a non-Ricardian ...scal pol...
متن کاملDoes U.S. Money Growth Determine Money Growth in Other Nations?
HE money-inflation relationship has been examined extensively for avariety of economies resulting in a consensus that money growth has had a significant and positive impact on inflation.’ A related, but little studied issue, is the relationship between money growth rates across countries. This issue is important for assessing the extent to which inflation pressures have been transmitted froni c...
متن کاملEstimating a European Demand for Money
European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of such a European money demand for...
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ژورنال
عنوان ژورنال: НОВИ ЕКОНОМИСТ
سال: 2021
ISSN: 1840-2313
DOI: 10.7251/noeen2027076m