The Variability of Velocity in Cash-In-Advance Models
收藏NBER1989-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2891
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资源简介：
Early cash-in-advance models have the feature that the cash-in-advance constraint always binds, implying that the velocity of money is constant. Lucas (1984) and Svensson (1985) propose a change in information structure that potentially allows velocity to vary. By calibrating a version of these
提供机构：
美国国家经济研究局
创建时间：
1989-03-01
