Competent speakers of natural languages can borrow reference from one another. You can arrange for your utterances of 'Kirksville' to refer to the same thing as my utterances of 'Kirksville'. We can ...

This paper analyzes the use of unconventional policy instruments in New Keynesian setups in which the ‘divine coincidence’ breaks down. The paper discusses the role of a second instrument and its ...

We study the endogenous choice to accept fiat objects as media of exchange and their implications for nominal exchange rate determination. We consider a two-country environment with two currencies ...