Norbert Janssen
Biographic Data
| ID | 5740014 |
|---|---|
| NAME | Norbert Janssen |
| GIVEN NAMES | Norbert |
| FAMILY NAME | Janssen |
| SIGNATURE | JANSSEN N |
| AFFILIATIONS | Bank of England |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 2 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 2002 |
| H-INDEX | 0 |
Money, Debt and Prices in the United Kingdom, 1705–1996
This paper constructs a consistent series for the market value of UK government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, it examines the interactions between debts, deficits, the monetary base and the price level. Overall, the price level has been closely related to the evolution of the base money supply. Across different sample periods, there is little econometric e…
Shoe‐leather Costs Reconsidered
It has recently been suggested by Robert Lucas that `shoe-leather' costs of inflation may amount to as much as 1% of GNP in the United States. This paper assesses the UK evidence for the period 1970-1994. Similar estimates to those of Lucas are found using his original specification, but a preferred functional form using a semi-log interest elasticity of demand for money reveals a 0.22 % of GNP gain in perpetuity following a sustained fall in nom…
No prominent works on this page.
Shoe‐leather Costs Reconsidered
It has recently been suggested by Robert Lucas that `shoe-leather' costs of inflation may amount to as much as 1% of GNP in the United States. This paper assesses the UK evidence for the period 1970-1994. Similar estimates to those of Lucas are found using his original specification, but a preferred functional form using a semi-log interest elasticity of demand for money reveals a 0.22 % of GNP gain in perpetuity following a sustained fall in nom…
Money, Debt and Prices in the United Kingdom, 1705–1996
This paper constructs a consistent series for the market value of UK government debt over almost 300 years, analysing how monetary and fiscal policy affect the path of the UK price level. Specifically, it examines the interactions between debts, deficits, the monetary base and the price level. Overall, the price level has been closely related to the evolution of the base money supply. Across different sample periods, there is little econometric e…
Economic Theory and Policy (2 works) · Economics (2 works) · Interest rate (2 works) · Monetary economics (2 works) · Monetary Policy and Economic Impact (2 works) · Debt (1 work) · Econometrics (1 work) · Economic, financial, and policy analysis (1 work) · Elasticity (physics (1 work) · Exchange rate (1 work)