This paper reports the findings of a Web-based survey of 700 New Zealand Internet users. The survey was designed to explore the importance of perceived consumer risk and the Internet shopping experience in the online purchasing behaviour of Internet users. Both perceived consumer risk and loss of social interaction in Internet shopping were found to be negatively associated with the amount of o...

The idea that different cultures present different consumer styles (Kotler 2011; De Mooij 2004; De Mooij, & Hofstede, 2011; Hofstede 1980; 1991; Sproles & Kendall 1986) has practical implications for multinational corporations. Gender-based consumer decision-making styles (issues people consider in making purchases) within and across U.S. and Taiwan populations were analyzed using Sproles and K...

the purpose of this paper is to estimate the welfare cost of inflation in iran. we first use the long-horizon regression approach developed by fisher and seater (1993) to obtain an estimate of the inflation rate elasticity of money demand and then the baily’s consumer surplus approach to calculate the welfare cost function. the results show that reducing inflation rate from 40% to 0% increases ...

flation expectations. As a nominal anchor, an inflation target also provides a commitment mechanism that increases the accountability of the monetary policy authority. The inflation target communicates to the public the inflation rate at which the central bank will aim in the future. It thus serves as a reference point against which the central bank can be judged. In January 1993 the Sveriges R...

india has experienced persistently high inflation in recent years, despite a period of below-trend economic growth. As a result, controlling inflation has become a key objective for policymakers. The two main indicators of inflation in india are the wholesale price index (Wpi) and the consumer price index (cpi). Although the Wpi has traditionally been the most widely used measure for assessing ...

Recently, many payment schemes for digital money have been proposed. In most of these schemes money can be spent only once and must then immediately be returned to the bank. The purpose of this paper is to show the advantages of a scheme which allows the recipient of the money to use it directly for further purchases. We discuss why most existing schemes do not support such a payment scheme and...

We show that in a canonical one-sector AK model of endogenous growth with a generalized cash-in-advance constraint, the growth and velocity effects of money are closely related to the local stability properties of the economy’s balanced growth paths. When a positive fraction (excluding 100 percent) of gross investment is subject to the liquidity constraint, the economy displays saddle-path stab...

I argue that the gap between consumer price index (CPI) inflation and actual inflation varies systematically across the business cycle. CPI inflation is the change in expenditure required to afford a fixed basket of varieties. Actual inflation is the change in minimum expenditure required to afford a given level of utility. In a New Keynesian model with variety entry and exit and sticky prices,...

The purpose of this paper is to estimate the welfare cost of inflation in Iran. We first use the long-horizon regression approach developed by Fisher and Seater (1993) to obtain an estimate of the inflation rate elasticity of money demand and then the Baily’s consumer surplus approach to calculate the welfare cost function. The results show that reducing inflation rate from 40% to 0% increases ...