Family businesses are an important factor for technological progress and high economic efficiency, determining a significant part of economic strength. At present, inside the European Monetary Union (EMU), there are efforts to reduce public debt to fulfill the criteria imposed by the Stability and Growth Pact (SGP), which are mandatory for members of the Euro zone. Due to these constraints, pub...

This paper investigates the effects on production, consumption, and welfare that result from a temporary exchange-rate-based (ERB) stabilization plan. The analysis is based on an optimizing model of a small open economy where real money is assumed to be a factor that is used in the production of goods. The assumption of money serving a productive role makes the model capable of generating a boo...