Monetary shocks in a spatial overlapping generations model
نویسندگان
چکیده
منابع مشابه
Monetary Shocks in a Spatial Overlapping Generations Model
The paper combines a simple monetary overlapping generations model with a simple abstract spatial structure, to produce a model that focuses on the effect of the distribution of cash balances on real and nominal variables, both across the economy, and over time. The model is then used to study the effects of a monetary shock. The economy is endowed with a spatial structure in the form of a Cayl...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2010
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2010.07.002