Doepke, Matthias (contributor) - 2002 - [Elektronische Ressource]
otherwise standard cash-in-advance model in which
households have checking and saving accounts and face a small adjustment cost … in this version, the economy reduces to the stochastic
cash-in-advance model considered by Cooley and Hansen (1989).
7 … is as in the usual cash-in-advance model,
13
that is, consumers are allowed to adjust their savings after the monetary …