Nonsuperneutrality of money in the Sidrauski model with heterogenous agents

Superneutrality is demonstrated to no longer hold in the Sidrauski model as soll 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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Bibliographische Detailangaben
1. Verfasser: Heer, Burkhard (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Munich Univ., Center for Economic Studies u.a. 2003
Schriftenreihe:CESifo working paper series Monetary policy and international finance 1005
Schlagworte:
Neutralität des Geldes > Geldnachfragetheorie > Arbeitsproduktivität > Theorie > Arbeitspapier > Graue Literatur
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Beschreibung
Zusammenfassung:Superneutrality is demonstrated to no longer hold in the Sidrauski model as soll as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.
Beschreibung:Internetausg.: http://www.cesifo.de/pls/ifo_app/DocLinkCESifoDl?getDoc=cesifo1_wp1005.pdf
Beschreibung:11 S