On Money as a Medium of Exchange in Near-Cashless Credit Economies
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https://www.nber.org/papers/w25803
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资源简介:
We study the transmission of monetary policy in credit economies where money serves as a medium of exchange. We find thatin contrast to current conventional wisdom in policy-oriented research in monetary economicsthe role of money in transactions can be a powerful conduit to asset prices and
提供机构:
美国国家经济研究局
创建时间:
2019-05-01



