| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1618 |
| 来源ID | Working Paper 1618 |
| Money and Interest in a Cash-in-Advance Economy | |
| Robert E. Lucas, Jr.; Nancy L. Stokey | |
| 发表日期 | 1985-05-01 |
| 出版年 | 1985 |
| 语种 | 英语 |
| 摘要 | In this paper we analyze an aggregative general equilibrimi model in which the use of money is motivated by a cash-in-advance constraint, applied to purchases of a subset of consumption goods. The system is subject to both real and monetary shocks, which are economy-wide and observed by all. We develop methods for verifying the existence of, characterizing, and explicitly calculating equilibria. A main result of the analysis is that current money growth affects the current real allocation only insofar as it affects expectations about future money growth, i.e., only through its value as a signal. |
| URL | https://www.nber.org/papers/w1618 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558860 |
| 推荐引用方式 GB/T 7714 | Robert E. Lucas, Jr.,Nancy L. Stokey. Money and Interest in a Cash-in-Advance Economy. 1985. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1618.pdf（407KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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