Nonneutrality of money in dispersion: Hume revisited

DOI10.1111/IERE.12387zbMATH Open1444.91154OpenAlexW2624246460MaRDI QIDQ3299202FDOQ3299202

Authors: Gu Jin, Tao Zhu 

Publication date: 17 July 2020

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/79561/1/MPRA_paper_79561.pdf

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zbMATH Keywords

decentralized tradeinflation ratemoney injectionprice response

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cited In (2)

• Frictional asset markets and the liquidity channel of monetary policy
• Heterogeneity, decentralized trade, and the long-run real effects of inflation

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