Learn how money illusion affects financial perception by viewing wealth in nominal terms, with examples and history, ignoring real value adjustments like inflation.

Abstract: Many limitations of a conventional wallet, one of them is unable to detect the nominal value of the money inside it. e-Dokuw is a smart wallet perfecting from a conventional wallet. These ...

The Japanese economy has been on a recovery track since mid-2012, due in part to Abenomics. Although the economy has slowed recently, it is expected to turn upward again, thanks to additional fiscal ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. The neutrality of money, also called ...

It is well known that money is neutral if 1) people hold the extraneous belief that it is an only numeraire and does not possess intrinstic value, and 2) new money is injected into an economy as its ...