Showing 1 - 10 of 21,131
This article proposes a novel mechanism by which changes in the distribution of money holdings have real aggregate effects. I develop a flexible-price model of segmented asset markets in which monetary policy influences the aggregate demand elasticity via heterogenous money holdings. Because...
Persistent link: https://www.econbiz.de/10012238435
Persistent link: https://www.econbiz.de/10011666211
Persistent link: https://www.econbiz.de/10011616690
Persistent link: https://www.econbiz.de/10013443941
Persistent link: https://www.econbiz.de/10013183921
Persistent link: https://www.econbiz.de/10012307402
Persistent link: https://www.econbiz.de/10014436665
Persistent link: https://www.econbiz.de/10003874388
Persistent link: https://www.econbiz.de/10011564157
Persistent link: https://www.econbiz.de/10003366943