How required reserve ratio affects distribution and velocity of money
نویسندگان
چکیده
منابع مشابه
How Required Reserve Ratio Affects Distribution and Velocity of Money
In this paper the dependence of wealth distribution and the velocity of money on the required reserve ratio is examined based on a random transfer model of money and computer simulations. A fractional reserve banking system is introduced to the model where money creation can be achieved by bank loans and the monetary aggregate is determined by the monetary base and the required reserve ratio. I...
متن کاملMoney, Priorities, and Stalemate: How Lobbying Affects Public Policy
Based on a large-scale interview-based study of 98 randomly selected cases of lobbying in Washington from 1999 to 2003 (reported in Baumgartner et al. 2009), we found virtually no impact of money on outcomes. We believe that this counterintuitive finding derives from the huge business and corporate bias that permeates Washington and is already built into the policies of the status quo. Lobbying...
متن کاملBehavioral Pattern of Income Velocity of Money and Estimation of Its Function (The case of Iran)
Based on the “Aggregate Demand” theory, monetary policies are designed with the aim of achieving desirable level of macroeconomic goals through affecting the stock of money supplyand income velocity of money. Thus, the velocity (V)-as well as money supply - has significant impact, particularly on rate of inflation through expansionary or contractionary monetary policy. To focus on the velocity ...
متن کاملHow the Nonextensivity Parameter Affects Energy Fluctuations
In this article, the effect of the nonextensivity parameter on the energy fluctuations of nonextensive systems is studied in two different versions of the Tsallis statistical mechanics. Once a general expression has been reported for the energy fluctuations in the second version (Tsallis work in 1988), the energy fluctuations of an ideal gas and a harmonic oscillator are studied in the second a...
متن کاملInation Dynamics and Velocity of Money
There have been large changes in the velocity of money which could be a potential source of ination variability. This paper extends a Calvo style sticky price model to examine the role of the velocity of money in ination dynamics from both a theoretical and empirical perspective. When money is introduced via transactions cost, the resultant Phillips curve becomes a function of velocity as wel...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Physica A: Statistical Mechanics and its Applications
سال: 2005
ISSN: 0378-4371
DOI: 10.1016/j.physa.2005.04.014