NONNEUTRALITY OF MONEY IN DISPERSION: HUME REVISITED. (27th February 2019)
- Record Type:
- Journal Article
- Title:
- NONNEUTRALITY OF MONEY IN DISPERSION: HUME REVISITED. (27th February 2019)
- Main Title:
- NONNEUTRALITY OF MONEY IN DISPERSION: HUME REVISITED
- Authors:
- Jin, Gu
Zhu, Tao - Abstract:
- Abstract: For a class of standard and widely used preferences, a one‐shot money injection in a standard matching model can induce a significant and persistent output response by dispersing the distribution of wealth. Decentralized trade matters for both persistence and significance. Following the injection, the price response may be sluggish, the markup may move up with output, and both the interest rate and the inflation rate may drop below their trend levels.
- Is Part Of:
- International economic review. Volume 60:Number 3(2019)
- Journal:
- International economic review
- Issue:
- Volume 60:Number 3(2019)
- Issue Display:
- Volume 60, Issue 3 (2019)
- Year:
- 2019
- Volume:
- 60
- Issue:
- 3
- Issue Sort Value:
- 2019-0060-0003-0000
- Page Start:
- 1329
- Page End:
- 1353
- Publication Date:
- 2019-02-27
- Subjects:
- Economics -- Periodicals
330.05 - Journal URLs:
- http://onlinelibrary.wiley.com/ ↗
- DOI:
- 10.1111/iere.12387 ↗
- Languages:
- English
- ISSNs:
- 0020-6598
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 4539.791000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 11398.xml