Ridhwan, M.M.; Nijkamp, P.; Rietveld, P.; Groot, H.L.F. de - VU University Amsterdam, Faculty of Economics, Business … - 2008
Standard economic theory assumes money to be neutral, at least in the long run, driven by interregional arbitrage and perfect capital mobility. This may easily be used as a justification for regional economists to ignore monetary factors. However, in a world with market imperfections, such...
