Limited Participation and the Neutrality of Money:

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Limited Participation and the Neutrality of Money: A Reprint from the Journal, “Economic Quarterly”

An exploration of limited participation models rev

Our Price: $15.00

By Stephen D. Williamson (au)
Year: 2005
Pages: 19
Binding Paperback

Product Code: 1422313352

Description

An exploration of limited participation models reviews the literature & plots some new directions of research in this area. Author Stephen D. Williamson constructed & modified a baseline cash-in-advance model to illustrate the main ideas. The model shows how limited participation can explain the liquidity effect & non-neutralities of money arising from the distribution effects of monetary policy actions. Illustrations.

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