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Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents

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Author Info
Burkhard Heer () (University of Bamberg)

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Abstract

Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.

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File URL: http://www.economicsbulletin.com/2004/volume5/EB-04E40001A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 5 (2004)
Issue (Month): 8 ()
Pages: 1-6
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Handle: RePEc:ebl:ecbull:v:5:y:2004:i:8:p:1-6

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Related research
Keywords: Income Heterogeneity; Sidrauski Model; Superneutrality;

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Find related papers by JEL classification:
E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

References listed on IDEAS
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  1. Heer, Burkhard & Trede, Mark, 2003. "Efficiency and distribution effects of a revenue-neutral income tax reform," Journal of Macroeconomics, Elsevier, vol. 25(1), pages 87-107, March. [Downloadable!] (restricted)
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This page was last updated on 2009-11-16.


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