haku: @author Cooley, T. / yhteensä: 5
viite: 3 / 5
| Tekijä: | Cooley, T. Hansen, G. |
| Otsikko: | Unanticipated money growth and the business cycle reconsidered |
| Lehti: | Journal of Money, Credit and Banking
1997 : NOV, VOL. 29:4/2, p. 624-648 |
| Asiasana: | MONEY GROWTH BUSINESS CYCLES |
| Kieli: | eng |
| Tiivistelmä: | The role of unanticipated changes in money growth for aggregate fluctuations is reexamined using the methods of quantitative equilibrium business cycle theory. A stochastic growth model with money is constructed in which production and trade take place in spatially separated markets. Following Lukas, individuals only observe prices level with changes in market-specific relative prices. |
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