๐”– Bobbio Scriptorium
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Monetary Policy and Capital Inflow

โœ Scribed by GORDON L. MURRAY


Book ID
115286281
Publisher
John Wiley and Sons
Year
1978
Tongue
English
Weight
766 KB
Volume
54
Category
Article
ISSN
0013-0249

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โœ Shouyong Shi ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 192 KB

This paper examines the redistributive role of expansionary monetary policies. For this purpose a physical environment with heterogeneous agents is described to emphasize two frictions. One is a within-market friction that agents cannot borrow within each market; the other is a cross-market friction