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

This survey outlines the evolution of thought leading to the rrecent delopments in the study
of business cycles. The subject is almost coextensive with short-term macrodynamics and …

Many papers have over the last few years been devoted to the estitnation and testing of long-
run relations under the heading of cointegration. Granger (1981), Granger and Weiss …

This book is a comprehensive study of cooperation among the advanced capitalist countries.
Can cooperation persist without the dominance of a single power, such as the United States …

Efficient estimators of cointegrating vectors are presented for systems involving deterministic
components and variables of differing, higher orders of integration. The estimators are …

This book is an examination of the nature of economic explanation. The opening chapters
introduce current thinking in the philosophy of science and review the literature on …

In this survey, we shall first present a formal statement of the quantity theory, then consider
the Keynesian challenge to the quantity theory, recent developments, and some empirical …

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 …

This paper studies an industry with demand uncertainty which prompts risk-neutral firms to
act both as employers and as insurers of homogeneous, risk-averse laborers. The resulting …

Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare,
and evaluate the evolution of the major rival stories comprising contemporary …