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Persistent link: https://www.econbiz.de/10002706189
This paper presents the competitive equilibrium of an economy in which people hold money for transactions purposes. It studies both the steady states which result from different rates of monetary expansion and the effects of such non-steady state events as an open market operation. Even though...
Persistent link: https://www.econbiz.de/10012478127
Persistent link: https://www.econbiz.de/10000885051
Persistent link: https://www.econbiz.de/10001211020
Persistent link: https://www.econbiz.de/10001333631
This paper discusses the consequences of introducing imperfectly competitive product markets into an otherwise standard neoclassical growth model. We pay particular attention to the consequences of imperfect competition for the explanation of fluctuations in aggregate economic activity. Market...
Persistent link: https://www.econbiz.de/10013232158
This paper presents the competitive equilibrium of an economy in which people hold money for transactions purposes. It studies both the steady states which result from different rates of monetary expansion and the effects of such non-steady state events as an open market operation. Even though...
Persistent link: https://www.econbiz.de/10013243649
This paper discusses the consequences of introducing imperfectly competitive product markets into an otherwise standard neoclassical growth model. We pay particular attention to the consequences of imperfect competition for the explanation of fluctuations in aggregate economic activity. Market...
Persistent link: https://www.econbiz.de/10012474443