Showing 1 - 10 of 244
Persistent link: https://www.econbiz.de/10001437290
Persistent link: https://www.econbiz.de/10012238396
Persistent link: https://www.econbiz.de/10012034400
Persistent link: https://www.econbiz.de/10013543315
Persistent link: https://www.econbiz.de/10001135338
Persistent link: https://www.econbiz.de/10001716967
Persistent link: https://www.econbiz.de/10001604893
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/10003333826
Persistent link: https://www.econbiz.de/10003319302