In this paper, we analyze the effects of money on the market for durable goods both empirically and theoretically. Using monthly US data on personal expenditures on durable goods and the housing market, we estimate from a VAR the dynamic responses of the price and quantity of durable goods and housing to money supply shocks, assuming only that money is neutral in the long-run. We then estimate ...

We introduce a model of the economy as a social network. Two agents are linked to the extent that they transact with each other. This generates well-defined topological notions of location, neighborhood and closeness. We investigate the implications of our model for monetary economics. When a central bank increases the money supply, it must inject the money somewhere in the economy. We demonstr...

In this study, we use a Markov-Switching Bayesian Vector AutoRegression model to investigate the episodic relationship between financial stress and key macroeconomic variables in case of Indonesia. We find different nature relationships among Indonesia’s real sector (household consumption expenditure consumer price index), (interbank money market rate) policy variable (broad supply during times...

Theories on the relationship between money and inflation had largely been shaped around the positive relationship and money causality for inflation before the Post-Keynesians. Since the 1980s, this idea emerged that there might be no correlation between money growth and inflation. In the case of existence, the causality is reversed, so money is endogenous somehow. However, practically there is ...

iran’s economy is recognizes as a high inflationary country (for near almost all years after islamic revelation)  which is suffered to external shocks such as external  conflict interactions (for example war and sanctions) and   oil price shocks. therefore, analysis and estimation of money demand in iran should consider above issues in order to have efficient  money supply  policy. this paper, ...

Money supply refers to the aggregate of money circulating in an economy. It is important macroeconomic variable responsible for significant changes The study different stakeholders such as policy-makers, investigators, researchers, and educational institutions etc. would also help determining lump-sum earnings hands people. focuses on fluctuations after implementation PM Jan-Dhan Yojana i.e. Au...

This study aims to present the discussion on Interest Rate Spread (IRS) of commercial banks in Bangladesh perspective. paper also explains interest rate spread using time series data 60 covering period 1976 2020. The analysis shows that higher non-interest income as a ratio total assets bank, lower its spread. In this study, I tried show relationship among lending with broad money, inflation, q...

the objective of this study is to derive a money demand function compatible with the islamic economic rules, i.e., prohibition of reba. this rule, evidently eliminates the loan market from the economy.therefore, we propose that the islamic financial markets could link the real and nominal sectors of the economy and provide the information needed by both the financial intermediaries and the cent...

analysis of the transactions demand formoney. The commodity-demand elasticity withrespect to the real interest rate, b , , was set tounity because, of all (equally arbitrary) values,unity is the most straightforward choice. (Econo-metric evidence currently available does notprovide direct knowledge of this elasticity.) Therelative sizes of the disturbances give consi...