Monetary Dynamics with Proportional Transaction Costs and Fixed Payment Periods
收藏NBER1985-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1663
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资源简介：
A general equilibrium model of an economy is presented where people hold money rather than bonds in order to economize on transaction costs. In any such model it is not optimal for individuals to instantaneously adjust their money holdings when new information arrives. The (endogenous) delayed
提供机构：
美国国家经济研究局
创建时间：
1985-07-01
