Money and Interest Rates with Endogeneously Segmented Markets
收藏NBER1999-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7060
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资源简介：
This paper analyses the effects of open market operations on interest rates in a model in which agents must pay a fixed cost to exchange assets and cash. Asset markets are endogenously segmented in that some agents choose to pay the fixed cost and some do not. When the fixed cost is zero, the model
提供机构：
美国国家经济研究局
创建时间：
1999-03-01
