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~institution:"Federal Reserve Bank of Philadelphia"
~institution:"Federal Reserve Bank of St. Louis"
~person:"Dotsey, Michael"
~subject:"Credit"
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14.452 Macroeconomic Theory II...
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Interest rates and prices in an inventory model of
money
with credit
Dotsey, Michael
;
Guerron-Quintana, Pablo
-
Federal Reserve Bank of Philadelphia
-
2012
substantially changes the dynamics in the model, allowing agents to significantly smooth
consumption
and reduce the movements in …
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