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subject:"USA"
~person:"Algan, Yann"
~person:"Heer, Burkhard"
~subject:"1980-2006"
~subject:"Rational expectations"
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USA
1980-2006
Rational expectations
Neutrality of money
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Neutralität des Geldes
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Algan, Yann
Heer, Burkhard
Motolese, Maurizio
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Nonsuperneutrality of money in the Sidrauski model with heterogeous agents
Heer, Burkhard
-
2003
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.
Persistent link: https://www.econbiz.de/10011509360
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Monetary policy with heterogeneous agents and borrowing constraints
Algan, Yann
;
Ragot, Xavier
- In:
Review of economic dynamics
13
(
2010
)
2
,
pp. 295-316
Persistent link: https://www.econbiz.de/10008651182
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