Nonsuperneutrality of Money in the Sidrauski Model with Heterogeous Agents

Burkhard Heer

No 1005, CESifo Working Paper Series from CESifo

Abstract: Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.

Keywords: superneutrality; Sidrauski model; income heterogeneity (search for similar items in EconPapers)
Date: 2003
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Related works:
Journal Article: Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents (2004)
Working Paper: Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_1005

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