Nonsuperneutrality of Money in the Sidrauski Model with Heterogeous Agents
AbstractSuperneutrality 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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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1005.
Date of creation: 2003
Date of revision:
superneutrality; Sidrauski model; income heterogeneity;
Other versions of this item:
- Burkhard Heer, 2004. "Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents," Economics Bulletin, AccessEcon, vol. 5(8), pages 1-6.
- Burkhard Heer, 2003. "Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents," Levine's Bibliography 666156000000000345, UCLA Department of Economics.
- 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
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