This paper investigates the endogenous money supply hypothesis in Iran. To this end, we attempt to find causality directions between bank credits and money aggregates. Utilizing Diks and Panchenko’s (2006) nonparametric Granger causality test for the time series data over the period 2006:04-2018:12 confirms the existence of a significant causality running from bank credits to money aggregates. ...

nearly 80% of young people today will never be able to retire. why? because they lack the personal finance training that leads to long-term planning and future security. connecting the dots between kids and money management skills prepares them for the financial realities the world will face over the next century. pocket money is one of the first ways for children to learn the basics of managin...

Women are underrepresented in most high-level positions in organizations. Though a great deal of research has provided evidence that bias and discrimination give rise to and perpetuate this gender disparity, in the current research we explore another explanation: men and women view professional advancement differently, and their views affect their decisions to climb the corporate ladder (or not...

To date, the study of societal change in social and political psychology has been dominated by an intergroup relations research agenda. But in addition to intergroup dynamics, there are other major pathways to societal change and emancipation, which are almost never systematically considered in psychological research. The distribution of technologies (e.g., “ICT for development”) or money (e.g....

OBJECTIVE Financial resources are a potent determinant of health, yet it remains unclear why this is the case. We aimed to identify whether the frequently observed association between absolute levels of monetary resources and health may occur because money acts an indirect proxy for a person's social rank. METHOD To address this question we examined over 230,000 observations on 40,400 adults ...

We propose a monetary model which features endogenous market incompleteness. Our framework combines the tractable features of competitive search with matching frictions of Menzio et al. (2013) with a costly participation model in a centralized market with complete insurance. Equilibrium market incompleteness arises because of: (i) an externality trading off matching opportunities with consumpti...

Reward insensitivity in depression and dysphoria has been demonstrated by self-report, behavioral, and neuroscience data. These findings show less anticipated and experienced pleasure to rewarding stimuli, no behavioral adaptation in anticipation of rewards, and altered functioning in reward-related brain areas. The present study expands previous research by using cardiovascular reactivity to t...