Showing 1 - 10 of 2,041
Persistent link: https://www.econbiz.de/10012238396
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/10003319302
Persistent link: https://www.econbiz.de/10008809408
Persistent link: https://www.econbiz.de/10009754515
Persistent link: https://www.econbiz.de/10001495768
Persistent link: https://www.econbiz.de/10001039447
Persistent link: https://www.econbiz.de/10013349664
Persistent link: https://www.econbiz.de/10015104168
Persistent link: https://www.econbiz.de/10015103427