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Nonsuperneutrality of money in the Sidrauski model with heterogeous agents

Heer, Burkhard - 2003

Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.

Persistent link: https://www.econbiz.de/10011509360

Nonsuperneutrality of money in the Sidrauski model with heterogenous agents

Heer, Burkhard (contributor) - In: Economics bulletin : EB (2004)

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The demand for money and the nonneutrality of money

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Neutrale Liquidität : zur Theorie und praktischen Umsetzung

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Division of labor, money, and economic progress

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The young person's guide to neutrality, price level indeterminacy, interest rate pegs, and fiscal theories of the price level

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Geldpolitik und Sachkapitalbildung : eine portfoliotheoretisch orientierte Analyse

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Monetary non-neutrality in a multi-sector menu cost model

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Effects of foreign currency component in monetary aggregates on money neutrality

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