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  Home > Diane Publishing Books >

Seasonal Monetary Policy: A Reprint from “Economic Perspectives”
The authors use a dynamic general equilibrium cash

 
Our Price: $15.00
By Marcelo Veracierto (au)
Year: 2005
Pages: 19
Binding Paperback

Product Code: 1437902871

Description
 
The authors use a dynamic general equilibrium cash-in-advance model to study the role of monetary policy in U.S. seasonal cycles. They find that the seasonal monetary policy regime is largely irrelevant: Smoothing interest rates across the seasons or following a constant growth rate of money lead to basically the same real allocations. Only nominal interest rates are significantly affected. Tables and graphs.

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