Erratic monetary policy and price variability
DOI: 10.1016/0164-0704(85)90074-6
关键词: Economics 、 Price level 、 Monetary economics 、 Credit channel 、 Monetary policy 、 Steady state (electronics)
摘要: Abstract This paper examines the effect of erratic monetary policy on individual behavior, as well aggregate economy. It is demonstrated that an increase in causes demand for inventories by individuals. behavior individuals turn leads to a higher variability price level, level steady state
elsevier.com
sci-hub.se 参考文章(29)
Thomas R. Saving, Transactions Costs and the Demand for Money The American Economic Review. ,vol. 61, pp. 407- 420 ,(2016)
Jurg Niehans, Money and Barter in General Equilibrium with Transaction Costs The American Economic Review. ,vol. 61, pp. 773- 783 ,(1971)
Allan H Meltzer, Karl Brunner, The Uses of Money: Money in the Theory of an Exchange Economy The American Economic Review. ,vol. 61, pp. 784- 805 ,(1971)
Edgar L Feige, Michael Parkin, The Optimal Quantity of Money, Bonds, Commodity Inventories, and Capital The American Economic Review. ,vol. 61, pp. 335- 349 ,(1971)
Eugene F Fama, Multiperiod Consumption-Investment Decisions The American Economic Review. ,vol. 60, pp. 163- 174 ,(1970)
Guy H. Orcutt, Herbert S. Winokur, First Order Autoregression: Inference, Estimation, and Prediction Econometrica. ,vol. 37, pp. 1- 14 ,(1969) , 10.2307/1909199
Agnar Sandmo, Capital Risk, Consumption, and Portfolio Choice Econometrica. ,vol. 37, pp. 586- 599 ,(1969) , 10.2307/1910436
Martin J. Bailey, Saving and the Rate of Interest Journal of Political Economy. ,vol. 65, pp. 279- 305 ,(1957) , 10.1086/257936
Richard E Kihlstrom, Leonard J Mirman, Risk aversion with many commodities Journal of Economic Theory. ,vol. 8, pp. 361- 388 ,(1974) , 10.1016/0022-0531(74)90091-X
A. Sandmo, The Effect of Uncertainty on Saving Decisions The Review of Economic Studies. ,vol. 37, pp. 353- 360 ,(1970) , 10.2307/2296725