Extraneous shocks and international linkage of business cycles in a two-country monetary model
Article Abstract:
The vibrant characteristic of two-country monetary model and the propositions of extraneous (non-fundamental) shocks for world commerce cycles are examined, presuming less international synchronization of economic variation.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
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Societal benefits of illiquid bonds
Article Abstract:
This paper provides a possible explanation for why nominal risk-free bonds are crucial to monetary economies. Nominal risk-free bonds are shown to enable agents with the intertemporal exchange of money.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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The term structure of commercial paper rates
Article Abstract:
The market expectations hypothesis related to term premia for commercial papers issued by United States corporations is analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2007
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