Marzo, Massimiliano; Zagaglia, Paolo - In: International Journal of Financial Studies : open … 6 (2018) 1, pp. 1-27
Cochrane (2014) shows that high-powered money balances and short-term government bonds can be considered as perfect … cashless new-Keynesian model with two types of government bonds, which can be thought of as short- and long-term bonds. The …