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  1. Rules of money supply
    applying the permanent income hypothesis to money demand
    Autor*in: Gillman, Max
    Erschienen: 1992

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 529 (9223)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Array ; 9223
    Schlagworte: Geldmengensteuerung; Einkommenshypothese; Geldnachfragetheorie; Theorie
    Umfang: 31 S
  2. Money velocity in a cash-in-advance economy with costly credit
    Erschienen: 1992

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 529 (9212)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
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    Schriftenreihe: Array ; 9212
    Schlagworte: Geldumlaufgeschwindigkeit; Einkommenshypothese; Geldnachfragetheorie; Kredit; Theorie
    Umfang: 39 S
  3. Second best credit policy in a cash-in-advance economy
    Autor*in: Gillman, Max
    Erschienen: 1992

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 529 (9210)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Array ; 9210
    Schlagworte: Kredit; Politik; Geldnachfragetheorie; Wohlfahrtsökonomik; Inflation; Theorie
    Umfang: 22 S. : graph. Darst
  4. The welfare costs of inflation in a cash-in-advance economy with costly credit
    Autor*in: Gillman, Max
    Erschienen: 1992

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 529 (9209)
    uneingeschränkte Fernleihe, Kopie und Ausleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Druck
    Schriftenreihe: Array ; 9209
    Schlagworte: Verbraucherkredit; Geldnachfragetheorie; Theorie; Inflation; Soziale Kosten; Theorie
    Umfang: 29 S. : graph. Darst
  5. Inflation, human capital and Tobin's q
    Erschienen: 2009
    Verlag:  Cardiff Univ, Cardiff Business School, Economics Section, Cardiff

    A pervasive empirical finding for the US economy is that inflation is negatively correlated with the normalized market price of capital (Tobin's q) and growth. A dynamic stochastic general equilibrium model of endogenous growth is developed to... mehr

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 159 (2009,16)
    keine Fernleihe

     

    A pervasive empirical finding for the US economy is that inflation is negatively correlated with the normalized market price of capital (Tobin's q) and growth. A dynamic stochastic general equilibrium model of endogenous growth is developed to explain these stylized facts. In this model, human capital is the principal driver of self-sustained growth. Long run comparative statics analysis suggests that inflation diverts scarce time resource to leisure which lowers human capital utilization. This impacts growth adversely and modulates capital adjustment cost downward resulting in a decline in Tobin's q. For the short run, a Tobin effect of inflation on growth weakens the negative association between inflation and q.

     

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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/65759
    Schriftenreihe: Cardiff economics working papers ; 2009,16
    Schlagworte: Inflationsrate; Wirtschaftswachstum; Tobins Q; USA; Theorie
    Umfang: Online-Ressource (PDF-Datei: 33 S.), graph. Darst.
  6. Inflation, investment and growth
    a money and banking approach
    Erschienen: 2009

    Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the... mehr

    Staats- und Universitätsbibliothek Bremen
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 151 (2009,11)
    keine Fernleihe

     

    Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the investment rate, opposite of evidence. The paper resolves this puzzle by requiring exchange for investment as well as consumption. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately high rate of inflation, above which increasingly low investment finally causes capital to fall relative to labor, and the real interest rate to rise. -- inflation ; investment ; growth ; Tobin

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789639796621
    Weitere Identifier:
    hdl: 10419/108163
    Schriftenreihe: Discussion papers / Institute of Economics Hungarian Academy of Sciences ; 2009/11
    Schlagworte: Inflation; Investition; Wirtschaftswachstum; Zins; Monetäre Wachstumstheorie; Theorie
    Umfang: Online-Ressource (40 S.), graph. Darst.
    Bemerkung(en):

    Zsfassung in ungar. Sprache

  7. A banking explanation of the US velocity of money: 1919 - 2004
    Erschienen: 2009

    The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year upward trend, during the1919-2004 period. It explains the velocity cycles through shocks constructed from a DSGE model and annual time series data... mehr

    Staats- und Universitätsbibliothek Bremen
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 151 (2009,23)
    keine Fernleihe

     

    The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year upward trend, during the1919-2004 period. It explains the velocity cycles through shocks constructed from a DSGE model and annual time series data (Ingram et al., 1994). Model velocity is stable along the balanced growth path, which features endogenous growth and decentralized banking that produces exchange credit. Positive shocks to credit productivity and money supply increase velocity, as money demand falls, while a positive goods productivity shock raises temporary output and velocity. The paper explains such velocity volatility at both business cycle and long run frequencies. With filtered velocity turning negative, starting during the 1930s and the 1987 crashes, and again around 2003, results suggest that the money and credit shocks appear to be more important for velocity during less stable times and the goods productivity shock more important during stable times. -- business cycle, credit shocks, velocity and volatility

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789639796812
    Weitere Identifier:
    hdl: 10419/108172
    Schriftenreihe: Discussion papers / Institute of Economics Hungarian Academy of Sciences ; 2009/23
    Schlagworte: Geldumlaufgeschwindigkeit; Volatilität; Konjunktur; Schock; Theorie; USA
    Umfang: Online-Ressource (36 S.), graph. Darst.
    Bemerkung(en):

    Zsfassung in ungar. Sprache