An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment
收藏NBER2018-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25220
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资源简介：
We develop a New Monetarist model with expenditure and unemployment risks that generates equilibria with non-degenerate distribution of money holdings. Distributional effects can overturn key insights of the model with degenerate distributions, e.g., the value of money depends on the income
提供机构：
美国国家经济研究局
创建时间：
2018-11-01
