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|
|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
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Laidler, David, 1981. "Monetarism: An Interpretation and an Assessment," Economic Journal, Royal Economic Society, vol. 91(361), pages 1-28, March.
- Cagan, Phillip, 1969. "The Non-Neutrality of Money in the Long Run: A Discussion of the Critical Assumptions and Some Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(2), pages 207-227, May.
- Laidler, David, 1978.
"Money and money income: An essay on the `transmission mechanism',"
Journal of Monetary Economics,
Elsevier, vol. 4(2), pages 151-191, April.
- D.E.W. Laidler, 1977. "Money and Money-income: An Essay on the "Transmission Mechanism"," RBA Research Discussion Papers rdp7704, Reserve Bank of Australia.
- Bernanke, Ben & Gertler, Mark, 1989. "Agency Costs, Net Worth, and Business Fluctuations," American Economic Review, American Economic Association, vol. 79(1), pages 14-31, March.
- Vernon L. Smith, 1994. "Economics in the Laboratory," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 113-131, Winter.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:42765. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.