Money does not talk: The image of money talks
نویسندگان
چکیده
منابع مشابه
Money talks? An Experimental Investigation of Cheap Talk and Burned Money
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two. We find that senders prefer to communicate through costless messages. Only when the interest disalig...
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Despite the explicit and detailed reports of extensive financial ties between physicians and researchers on the one hand and device and drug companies on the other hand and notwithstanding a proliferation of conflict of interest policies by academic medical centers (AMCs) and professional medical societies, some recipients of industry largess continue to deny that these relationships are in any...
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How should central banks conduct and communicate their policies to serve the goal of stabilizing the macroeconomy? This thesis – consisting of three self-contained essays on dynamic macroeconomics – is mainly intended as a progress report on exploring the normative aspect of monetary policy. The main result of the first essay is, that in the presence of idiosyncratic risk, the public revelation...
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Money MesMeRizes a nd MysTifies. Its influence extends far beyond the steely confines of numbers, ledgers, and rational calculations. Yet, for a long time economists managed to keep monetary analysis safely constrained within technical territory. Coinciding with Gertrude Stein’s (1936: 88) sober dictum that “whether you like it or whether you do not, money is money and that is all there is abou...
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In this paper I will argue that the institutional implementations that we commonly include in our monetary aggregates are actually more similar to the concept of monetary base. I will also argue that the institutional implementation of accounts payable operates as money. This slightly translated definition implies that a new monetary aggregate that includes accounts payable may be useful for co...
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ژورنال
عنوان ژورنال: Society and Economy
سال: 2018
ISSN: 1588-9726,1588-970X
DOI: 10.1556/204.2018.40.3.10