Optimal monetary policy is studied, by way of numerical examples, in a model with (i) heterogeneity in the degree to which different people are monitored (have publicly known histories); (ii) idiosyncratic shocks that give rise to heterogeneity in earning and spending realizations; and (iii) central-bank intervention in a “market” in claims or credit in which the participants are those who are ...

In this study, the E = mc2 principle that energy can be derived from mass and as itself was adapted for money. it meant to provide a natural dimension not using money other than intent of exchange necessity earning by producing. To end, effect foreign direct investments are representing production portfolio investments' effects on economic growth monetary activities. The findings showed both in...

The economy is what keeps the world as we know it functioning. Our daily lives are heavily affected by economy, both locally and globally. Some people think that mostly concerned with money, but in fact much broader than money. relates to very fundamental issues concerning human life, such wellbeing equality between groups. In this article, I will give you a taste of ways which economists view ...