Inflation, Monetary Velocity, and Welfare
收藏NBER1982-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0987
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资源简介：
This paper develops a simple general equilibrium model of a monetary economy with a capital market, in which monetary demand arises from a "cash-in-advance" constraint rather than from any direct role in the utility function. Uncertainty gives rise to a meaningful portfolio choice between money and
提供机构：
美国国家经济研究局
创建时间：
1982-09-01
