Showing 1 - 10 of 2,058
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/10009312135
Persistent link: https://www.econbiz.de/10001345519
Persistent link: https://www.econbiz.de/10001600440
Persistent link: https://www.econbiz.de/10001564872
Persistent link: https://www.econbiz.de/10009754519
Persistent link: https://www.econbiz.de/10010226802
Persistent link: https://www.econbiz.de/10003350427
Persistent link: https://www.econbiz.de/10011750678
Persistent link: https://www.econbiz.de/10011802974