Innovation, productivity, and monetary policy
نویسندگان
چکیده
منابع مشابه
Productivity , Credit Constraints and Monetary Policy ∗ ( preliminary draft )
We develop a model with money and credit where agents have different productivity to study credit and allocation. We show the link between the credit rationing, productivity and monetary policy, and study the distributional effects of monetary policy on the credit constraints, money holdings, and the ability to trade across agents. An agent’s productivity reflects his ability to replenish the m...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2018
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2017.10.006