Monetary Shocks in a Spatial Overlapping Generations Model

Niels Anthonisen
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Niels Anthonisen: Mount Allison University

No 455, 2008 Meeting Papers from Society for Economic Dynamics

Abstract: The distribution of money across the economy determines relative prices which, in turn, determines the profile of production across the economy. Therefore any monetary shock that alters the distribution of money will also have an impact on output and employment.

Date: 2008
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