Money Field Theory: in Pursuit of Formalism
The 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.
|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|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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"Money and Money-income: An Essay on the "Transmission Mechanism","
RBA Research Discussion Papers
rdp7704, Reserve Bank of Australia.
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