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Thread: Technical Papers

  1. #1

    Technical Papers

    Direct links to technical papers only. Please comment in other threads.

    ex.:

    FEDERAL RESERVE SYSTEM- Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance

    July 2011

    http://www.scribd.com/doc/60553686/G...-Investigation
    Knowledge is the foundational premise of The Know Party
    Knowledge is the determinate of all decisions
    Knowledge is defined in terms of the MAP
    Knowledge is half the battle

  2. #2

    The Chicago Plan Revisited

    At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money.
    (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt.
    (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

    http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
    Knowledge is the foundational premise of The Know Party
    Knowledge is the determinate of all decisions
    Knowledge is defined in terms of the MAP
    Knowledge is half the battle

  3. #3
    The theoretical and empirical credibility of commodity money

    http://jweeks.org/Weeks%20money.pdf

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