Recent empirical evidence suggest that real money balances can be treated as a productive input in production. The reason for incorporating real money balances as a factor of production is because real money balances as a medium of exchange facilitate adjustments between capital and labour for specialisation purposes and thus increase productivity. This study is an attempt to empirically test t...

Editor's Note: These short reviews of a recent paper in the Journal, written exclusively by graduate students or postdoctoral fellows, are intended to mimic the journal clubs that exist in your own departments or institutions. For more information on the format and purpose of the Journal Club, please see Review of Wu et al. A growing body of evidence suggests that ubiquitination regulates synap...