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Nonsuperneutrality of money in the Sidrauski model with heterogenous agents
Heer, Burkhard (contributor) - In: Economics bulletin : EB (2004)
Persistent link: https://www.econbiz.de/10002743817
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Nonsuperneutrality of money in the Sidrauski model with heterogenous agents
Heer, Burkhard - 2003
Superneutrality is demonstrated to no longer hold in the Sidrauski model as soll as agents are heterogenous with regard …
Persistent link: https://www.econbiz.de/10001807091
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Heterogeneity and monetary policy : a thematic review
Alves, Felipe; Bustamante, Christian; Guo, Xing; … - 2022
monetary policy. Our thematic review focuses on key aspects of this new theory as well as its underlying assumptions. We place …
Persistent link: https://www.econbiz.de/10012816116
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The demand for money and the nonneutrality of money
Cole, Harold L.; Ohanian, Lee E. - 1998
Persistent link: https://www.econbiz.de/10000988703
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Liquidity preference theory revisited : to ditch or to build on it?
Bibow, Jörg (contributor) - 2005
This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory's ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical "special case" interpretation, Keynes considered his liquidity preference theory of …
Persistent link: https://www.econbiz.de/10003229836
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Should We Be Afraid of Friedman's Rule?
Uhlig, Harald - 2008
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? I use three different frameworks to discuss this issue. First, I restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock -...
Persistent link: https://www.econbiz.de/10014133224
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Should We Be Afraid of Friedman's Rule?
Uhlig, Harald - 2008
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? I use three different frameworks to discuss this issue. First, I restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock -...
Persistent link: https://www.econbiz.de/10014143812
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Neutrale Liquidität : zur Theorie und praktischen Umsetzung
Löhr, Dirk - 1996
Persistent link: https://www.econbiz.de/10014267568
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Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality
Beck, Günter W.; Lein-Rupprecht, Sarah M. - 2016
To model the observed slow response of aggregate real variables to nominal shocks, most macroeconomic models incorporate real rigidities in addition to nominal rigidities. One popular way of modelling such a real rigidity is to assume a non-constant demand elasticity. By using a homescan data...
Persistent link: https://www.econbiz.de/10011532828
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Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality
Beck, Günter W.; Lein-Rupprecht, Sarah M. - 2015
To model the observed slow response of aggregate real variables to nominal shocks, most macroeconomic models incorporate real rigidities in addition to nominal rigidities. One popular way of modelling such a real rigidity is to assume a non-constant demand elasticity. By using a homescan data...
Persistent link: https://www.econbiz.de/10011569581