What or who governs central bank decisions? Most considerations focus on motivations.
Instead, we consider the extent to which specific behaviors have adaptive value in the …

Interest in conventional economic models is a key and regulator factor. However, there are
many debates on the rejection or confirmation of monetary interest rate based on its origins …

This paper aims to discuss the idea of Milton Friedman's “helicopter drop” of money,
analyzing the concept. It is an unconventional measure of monetary policy seen as a …

The main goal of this thesis is to discuss the famous Milton Friedman's concept of Helicopter
Drop of Money in context of its applicability in the real world as a possible solution to liquidity …

We use a simple model to illustrate that nominal GDP targeting might produce a suboptimal
equilibrium if there is a growth-maximizing rate of inflation. Following a shock, we find that …

3A-39– La inflación: sus causas y sus efectos sobre la eficiencia económica y el bienestar.
Page 1 OPOSICION TECNICO COMERCIAL Y ECONOMISTA DEL ESTADO Tema 3A-39: La …

Inflationsmålets historia sträcker sig drygt 30 år tillbaka i tiden. En förutsägbar centralbank
skapar möjligheter för marknadsaktörerna att sätta upp inflationsförväntningar i linje med det …

This paper analyzes consumer behavior in a monetary economy when money yields utility
and preferences are recursive and represented by a utility functional composed of …

The zero bound of nominal interest is known as a liquidity trap, where expansions in the
monetary base no longer are effective in lowering the nominal interest rate. This takes away …