Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous 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 UCLA Department of Economics in its series Levine's Bibliography with number 666156000000000345.
Date of creation: 10 Nov 2003
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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 Heterogeous Agents," CESifo Working Paper Series 1005, CESifo Group Munich.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-16 (All new papers)
- NEP-CBA-2003-11-16 (Central Banking)
- NEP-DGE-2003-11-16 (Dynamic General Equilibrium)
- NEP-MAC-2003-11-16 (Macroeconomics)
- NEP-MON-2003-11-16 (Monetary Economics)
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