Comments: Monetary Union, Money Demand, and Money Supply: A Review of the German Monetary Union by Jurgen von Hagen
A study was conducted to evaluate research on the economic features of the German monetary union. Earlier research has shown that Bundesbank has applied a policy on price stability while conducting a process of money targeting. Despite deviations from monetary goals, German authorities often follow a non-inflationary policy. However, such research conclusions failed to substantiate the use of domestic aggregate demand as a scale factor.
Publication Name: European Economic Review
The impact of uncertainty about demand growth on perception
Incumbent firmsE ability to preempt a new market before a new entrant does is analyzed in the face of uncertainty of growth of demand. The paper proposes two scenarios with differing probabilities of entry of new challengers; one being in the case of low demand and the other being high realization of demand, with an inverse probability of entry.
Publication Name: Journal of Economics and Business
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