• Hard Money and Fiat Money in an Inflationary World 

      Wang, Guizhou; Hausken, Kjell (Peer reviewed; Journal article, 2023-10)
      The purpose is to determine whether a borrower prefers to borrow hard and fiat money from a bank to buy other assets from a seller, whether the seller wants to sell, how the nontraders are impacted, and whether the bank ...
    • Modeling which Factors Impact Interest Rates 

      Wang, Guizhou; Hausken, Kjell (Peer reviewed; Journal article, 2023)
      The Taylor (1993) rule for determining interest rates isgeneralized to account for three additional variables: The moneysupply, money velocity, and the unemployment rate. Thus, five pa-rameters, i.e. weights assigned to ...
    • A Two-Period Decision Model for Central Bank Digital Currencies and Households 

      Wang, Guizhou; Hausken, Kjell (Peer reviewed; Journal article, 2022-06)
      Central bank digital currencies (CBDCs) give rise to many possibilities including those of negative interest rates. A two-period decision model is presented between one central bank and one representative household. The ...