Endogenous money or sticky prices?

Article Abstract:

The formal statistical hypothesis tests, and the less formal diagnostic procedures described, indicate that the postwar US data prefer a model featuring nominal price rigidity to one with purely flexible prices. Nominal price rigidity over and above endogenous money plays a role in accounting for key features of the data.

Pricing policies

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Comment on: robust monetary policy with competing reference models

Article Abstract:

The tremendous progress that is made in monetary economics over the past decade as well as the important role that Taylor has played in facilitating this progress is illustrated for Andrew Levin and John Williams' paper. The two manifestations of these phenomena are cited in Levin and Williams' work.

Economics, Monetary policy, Economic theory

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Can financial innovation help to explain the reduced volatility of economic activity?

Article Abstract:

Role of financial innovation in the stabilization of economic conditions is discussed. Determining the relation between easing of economic activity and impact of financial innovation on consumer purchase, business fixed investment, and housing investment, using empirical methods are analyzed.

Science & research, Consumer Behavior, Research, Economic aspects, Influence, Economic stabilization, Consumer behaviour

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