Limited Participation and the Neutrality of Money

An exploration of limited participation models reviews the literature and plots some new directions of research in this area. I constructed and modified a baseline cash-in-advance model to illustrate the main ideas. The model shows how limited participation can explain the liquidity effect and nonneutralities of money arising from the distribution effects of monetary policy actions

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Year of publication:	2012
Authors:	Williamson, Stephen D.
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Neutralität des Geldes \| Neutrality of money \| Geldtheorie \| Monetary theory \| Geldpolitik \| Monetary policy

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Extent:	1 Online-Ressource (20 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: FRB Richmond Economic Quarterly, vol. 91, no. 2, Spring 2005, pp. 1-20 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2005 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013096995