Sticky price and limited participation models of money: A comparison
نویسندگان
چکیده
منابع مشابه
Limited Participation and the Neutrality of Money
M oney is useful in overcoming two types of frictions. First, in barter exchange, money helps to mitigate double-coincidence frictions that arise in developed economies where economic agents are specialized in production and consumption. Second, in trades involving credit, information frictions may imply that one economic agent has difficulty getting another economic agent to accept his or her ...
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15 صفحه اولLimited participation, private money, and credit in a spatial model of money
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1997
ISSN: 0014-2921
DOI: 10.1016/s0014-2921(97)00071-8