Nonsuperneutrality of money in the Sidrauski model with heterogeous agents

Burkhard Heer

Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.

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Year of publication:	August 2003
Authors:	Heer, Burkhard
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	superneutrality \| Sidrauski model \| income heterogeneity \| Arbeitsproduktivität \| Labour productivity \| Geldnachfragetheorie \| Money demand theory \| Neutralität des Geldes \| Neutrality of money \| USA \| United States \| Theorie \| Theory

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Extent:	1 Online-Ressource (circa 18 Seiten)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 1005
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/76571 [Handle]
Classification:	D31 - Personal Income, Wealth and Their Distributions ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011509360