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Long run analysis in alternative optimizing monetary models
(2001)
Documento de trabajo / Lan gaiak,
This paper explores the transmission channel from monetary variables to real variables in the steady-rate equilibria of various neoclassical optimizing models with money. The existence of superneutrality is rejected for ...
Dynamic analysis in an optimizing monetary model with transaction costs and endogenous investment
(2001)
Documento de trabajo / Lan gaiak,
This paper analyzes the period-to-period changes that occur in an optimizing monetary model with uncertainty and sticky prices. Money is incorporate in its role as a medium of exchange through a time-cost transactions ...