Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate
收藏NBER2007-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12839
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资源简介:
The paper discusses some fundamental problems in monetary economics associated with the determination and role of the numeraire. The issues are introduced by formalising a proposal, attributed to Eisler, to remove the zero lower bound on nominal interest rates by unbundling the numeraire and medium
提供机构:
美国国家经济研究局
创建时间:
2007-01-01



