Money Field Theory: in Pursuit of Formalism
AbstractThe article explores the possibility of interaction between financial and industrial sectors of an economy via such a new economic notion as a pervasive money field, which is used to pin down the elusive entropy of financial markets. The theory of a field originally comes from physics and we show the way it can be applied to economic reality. The implementation makes possible not only to reunite separate channels of monetary transmission mechanism into a single mechanism, but it also provides a new glimpse at the formalized mechanism of macroeconomic monetary relationship.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42765.
Date of creation: Apr 2011
Date of revision:
Publication status: Published in International Journal of Humanities and Social Science 8.1(2011): pp. 19-29
money field; money supply; monetary transmission mechanism;
Find related papers by JEL classification:
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
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