Interest on Money

M. L. Burstein

Chapter 3 in Modern Monetary Theory, 1986, pp 29-41 from Palgrave Macmillan

Abstract: Abstract Section 3.2 studies a paradigm in which interest yields of monetary assets are fixed, perhaps at zero; Section 3.3 analyses effects of flexible ‘interest on money’; Section 3.4 concerns applications of the theory—including the model of Robertson (1926); and Section 3.5 discusses results obtained by Tobin (1982a).

Keywords: Interest Rate; Deposit Rate; Central Bank; Real Interest Rate; Lending Rate (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18070-7_3

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DOI: 10.1007/978-1-349-18070-7_3

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