This paper surveys research on the welfare cost of inflation. New estimates are provided,
based on US time series for 1900–94, interpreted in a variety of ways. It is estimated that the …

Abstract Central Bank Digital Currencies (CBDC) have attracted considerable interest and
its deployment on a global scale is imminent. However, CBDC face several challenges …

The new edition of a comprehensive treatment of monetary economics, including the first
extensive coverage of the effective lower bound on nominal interest rates. This textbook …

Investors value the liquidity and safety of US Treasuries. We document this by showing that
changes in Treasury supply have large effects on a variety of yield spreads. As a result …

Commercial banking is a very difficult service industry in which to measure output, technical
change, or productivity growth. First, there is disagreement over which services banks …

This article examines the link between the opportunity cost of money and time-varying
liquidity premia of near-money assets. Higher interest rates imply higher opportunity costs of …

This research paper aims at investigating the impact of emotional intelligence on teacher׳ s
job performance in the education sector of Pakistan. Sample size consists of 166 teachers …

This research aims at examining the differences between Islamic and conventional banks in
terms of business orientation, stability, and efficiency. Data for this research are collected …

PHE QUESTION of whether the demnand function for money is" stable" is one of the most
important recurring issues in the theory and application of macroeconomic policy. What is …

This book is a tool for the theoretical and numerical investigation of nonlinear dynamical
systems modeled by means of ordinary differential and difference equations. The work is …