A new edition of a book presenting a unified framework for studying the role of money and liquid assets in the economy, revised and updated. In Money, Payments, and Liquidity, Guillaume Rocheteau and Ed Nosal provide a comprehensive investigation into the economics of money, liquidity, and payments by explicitly modeling the mechanics of trade and its various frictions (including search, private information, and limited commitment). Adopting the last generation of the New Monetarist framework developed by Ricardo Lagos and Randall Wright, among others, Nosal and Rocheteau provide a dynamic general equilibrium framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss such topics as cashless economies; the properties of an asset that make it suitable to be used as a medium of exchange; the optimal monetary policy and the cost of inflation; the coexistence of money and credit; and the relationships among liquidity, asset prices, monetary policy; and the different measures of liquidity in over-the-counter markets. The second edition has been revised to reflect recent progress in the New Monetarist approach to payments and liquidity. Rocheteau and Nosal have added three new chapters: on unemployment and payments, on asset price dynamics and bubbles, and on crashes and recoveries in over-the-counter markets. The chapter on the role of money has been entirely rewritten, adopting a mechanism design approach. Other chapters have been revised and updated, with new material on credit economies under limited commitment, open-market operations and liquidity traps, and the limited pledgeability of assets under informational frictions.
Two experts in monetary policy offer a unified framework for studying the role of money and liquid assets in the economy. In Money, Payments, and Liquidity, Ed Nosal and Guillaume Rocheteau provide a comprehensive investigation into the economics of money and payments by explicitly modeling trading frictions between agents. Adopting the search-theoretic approach pioneered by Nobuhiro Kiyotaki and Randall Wright, Nosal and Rocheteau provide a logically coherent dynamic framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss the implications of such frictions for the suitable properties of a medium of exchange, monetary policy, the cost of inflation, the inflation-output trade-off, the coexistence of money, credit, and higher return assets, settlement, and liquidity. After presenting the basic environment used throughout the book, Nosal and Rocheteau examine pure credit and pure monetary economies, and discuss the role of money, different pricing mechanisms, and the properties of money. In subsequent chapters they study monetary policy, the Friedman rule in particular, and the relationship between inflation and output under different information structures; economies where monetary exchange coexists with credit transactions; the coexistence of money and other assets such as another currency, capital, and bonds; and a continuous-time version of the model that describes over-the-counter markets and different dimensions of liquidity (bid-ask spreads, trade volume, trading delays).
The amusing historical adventures of a white boy and his two black friends in the Summer of 1948 on Chincoteague Island, Virginia. Let this book make you a twelve-year old again and take you back to 1948. Your host is old salt Thurston Watson, a life-long professional "waterman." His humorous, opinionated narration will give you unusual insights about life during that era on Chincoteague Island as he and his Afro-American friends Ben and Lottie Dale lead you on a romp through small town Americana at a time when life was very much simpler. Though fictionalized, the vignettes and escapades are based on the author's childhood experiences and his knowledge of Chincoteague Island lore. The stories will enchant you and teach you some unvarnished history about the Eastern Shore of Virginia as it was soon after World War II. Along the way, Thurston Watson will help you better understand the quirks and mores of Chincoteague natives and you will learn how a "waterman" earned his living.
A new edition of a book presenting a unified framework for studying the role of money and liquid assets in the economy, revised and updated. In Money, Payments, and Liquidity, Guillaume Rocheteau and Ed Nosal provide a comprehensive investigation into the economics of money, liquidity, and payments by explicitly modeling the mechanics of trade and its various frictions (including search, private information, and limited commitment). Adopting the last generation of the New Monetarist framework developed by Ricardo Lagos and Randall Wright, among others, Nosal and Rocheteau provide a dynamic general equilibrium framework to examine the frictions in the economy that make money and liquid assets play a useful role in trade. They discuss such topics as cashless economies; the properties of an asset that make it suitable to be used as a medium of exchange; the optimal monetary policy and the cost of inflation; the coexistence of money and credit; and the relationships among liquidity, asset prices, monetary policy; and the different measures of liquidity in over-the-counter markets. The second edition has been revised to reflect recent progress in the New Monetarist approach to payments and liquidity. Rocheteau and Nosal have added three new chapters: on unemployment and payments, on asset price dynamics and bubbles, and on crashes and recoveries in over-the-counter markets. The chapter on the role of money has been entirely rewritten, adopting a mechanism design approach. Other chapters have been revised and updated, with new material on credit economies under limited commitment, open-market operations and liquidity traps, and the limited pledgeability of assets under informational frictions.
Mari Nosal demonstrates her knowledge as a parent and education professional by sharing ways that others can effectively support and interact with individuals with autism and their families. Mari created Taking The "Diss" Out Of Disabled Articles, Poems, Tips And Curriculum Ideas For Teaching, Living, Parenting And Loving Children With Aspergers Syndrome And On The Autism Spectrum: Written By A Special Needs Mom And Educator with the intent of providing an informative venue for parents, educators, and kids with autism.Taking The "Diss" Out Of Disabled using "Diss" in it's slang term format. Diss is short for disrespecting and ignoring other individuals, their thoughts, and character. Taking the "Diss" out of disability was chosen as my book title to emphasize the need for tolerance, understanding, an inclusive reflective mindset and acceptance of individuals with disabilities by society at large. This book is the complete works from the past several years of Mari's professional Blog. Mari's perception is that parents, educators, society at large and any others with a vested interest in bringing up a child on the autism spectrum are part of a collaborative team. Thus book is designed to address all individuals who are part of the child's support team. This book is comprised of short articles, poetry, curriculum tips, personal musings from the author on bringing up a child with Aspergers syndrome and her professional experiences working with children on the spectrum and within the community. It was developed with easy to read short articles with the intent to be informative in a design that can afford busy parents, educators, and society at large to access the information they need in a timely fashion. Mari has added other special needs related personal poetry, and musings in this book to further inspire others to know they do not walk in the dark. My intent is to help those who walk the path I have walked both as a parent and professional and light their path to make their load slightly lighter. Yes, their is ALWAYS a light at the end of the tunnel if you can just muster up the energy to reach it.
Mari Nosal demonstrates her knowledge as a parent and education professional by sharing ways that others can effectively support and interact with individuals with autism and their families.Mari created the Ten Commandments For Interacting With Children On the Autism Spectrum with the intent of providing an informative venue for parents, educators, and kids with autism. Mari's perception is that all of the latter individuals mentioned are involved in bringing up a child on the autism spectrum. Thus her Ten Commandments series is separated into three parts to address all individuals who are part of the child's support team. This book is merely 32 pages long and was developed as such to be informative in a design that can afford busy parents, educators, and society at large to access the information they need in a timely fashion. Do not let this books small size misguide you. It packs a punch... remember quantity is not always better than quality.Mari has added other special needs related personal poetry, and musings in this book to further inspire others to know they do not walk in the dark. My intent is to help those who walk the path I have walked both as a parent and professional and light their path to make their load slightly lighter. Yes, their is ALWAYS a light at the end of the tunnel if you can just muster up the energy to reach it.
Have you ever wondered how to encourage empathy, increase fine and gross motor skills, social awareness, independent thinking, teamwork, independent play, or anything in-between within a classroom or at home? I have compiled quite an array of activities throughout my years. The majority of my activities were used and intended for a multi-age classroom. The children I've taught range in age between five and twelve years and include those with emotional, physical, behavioral, gifted, neurotypical, and learning disabled circumstances. The activities are therefore acceptable for a mixed range of abilities and ages. I have pondered what I have learned through many years of trial and error. My goal is to share these activities with parents and educators to enhance the lives of other children who could benefit from my ideas.
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