๐”– Bobbio Scriptorium
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Redistribution and Capital Formation

โœ Scribed by Peter Rangazas


Book ID
125664642
Publisher
American Economic Association
Year
1991
Tongue
English
Weight
248 KB
Volume
81
Category
Article
ISSN
0002-8282

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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