Sentence examples for monetary equilibrium from inspiring English sources

Using only the axioms, we establish existence and (perhaps more surprisingly) uniqueness of stationary monetary equilibrium.

We show that in any stationary monetary equilibrium capital commands a higher rate of return than fiat money.

It is demonstrated that, in fact, monetary equilibrium breaks down in the absence of adequate enforcement institutions and it collapses as societies that lack external enforcement grow large.

Fujiki (2003, 2006) extends the Freeman (1996) model to a two-country model, and demonstrates that elastic money supplies in foreign exchange markets yield efficiency gains in monetary equilibrium, and that several institutional designs achieve the desired elastic money supplies equally.

Addressing the mercantilist belief that monetary intervention could cause a perpetually favourable balance of trade, Cantillon developed a specie-flow mechanism foreshadowing future international monetary equilibrium theories.

We develop a dynamic general equilibrium monetary model where a shortage of collateral and incomplete markets motivate the formation of credit relationships and the rehypothecation of assets.

The bank loan supply under the constraint of the required liquidity buffer might have different prescriptions under different economic scenarios, and would eventually result in an equilibrium monetary stock correspondingly.

According to a recent study by economists at the International Monetary Fund, sterling's equilibrium value at the end of 1998 (when it actually bought DM2.77) was around DM2.45.

In the presence of the zero lower bound, standard business cycle models with a Taylor-type monetary policy rule are prone to equilibrium multiplicity.

To consider fairness, we adjust each user's endowed monetary budget to reach a competitive equilibrium where the individual utilities are balanced.

This paper analyzes the effectiveness of delegation in solving the time inconsistency problem of monetary policy using a microfounded general equilibrium model where delegation and reappointment are explicitly included into the government's strategy.