Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10003227155
In this paper, we present a simple random-matching model in which different seasons translate into different propensities to consume and produce. We find that the cyclical creation and destruction of money is beneficial for welfare under a wide variety of circumstances. Our model of seasons can...
Persistent link: https://www.econbiz.de/10005428405