Geromichalos, Athanasios; Licari, Juan M; Suarez-Lledo, Jose - In: Review of Economic Dynamics 10 (2007) 4, pp. 761-779
model in which a real asset is valued for its rate of return and for its liquidity. We show that money is essential if and … liquidity. Our model generates a clear connection between asset prices and monetary policy. When money grows at a higher rate …
