MONETARY UNCERTAINTY IN DISCRETE-TIME UTILITY-OF-MONEY MODELS

Neil Rankin

No 268558, Economic Research Papers from University of Warwick - Department of Economics

Abstract: In a discrete-time model, higher variability of the future money supply affects current macroeconomic variables when beginning-of-period money is the argument of utility, but not when end-of-period money is. The effect is through the existence of a precautionary money demand

Keywords: Agricultural and Food Policy; Financial Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 11
Date: 1993-04-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/268558/files/twerp408.pdf (application/pdf)
https://ageconsearch.umn.edu/record/268558/files/twerp408.pdf?subformat=pdfa (application/pdf)

Related works:
Journal Article: Monetary uncertainty in discrete-time utility-of-money models (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268558

DOI: 10.22004/ag.econ.268558

Access Statistics for this paper

More papers in Economic Research Papers from University of Warwick - Department of Economics
Bibliographic data for series maintained by AgEcon Search ().