| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7425 |
| 来源ID | Working Paper 7425 |
| Optimal Monetary Impulse-Response Functions in a Matching Model | |
| Brett Katzman; John Kennan; Neil Wallace | |
| 发表日期 | 1999-11-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | The effects on ex ante optima of a lag in seeing monetary realizations are studied using a matching model of money. The main new ingredient in the model is meetings in which producers have more information than consumers. A consequence is that increases in the amount of money that occur with small enough probability can have negative impact effects on output, because it is optimal to shut down trade in such low probability meetings rather than have lower output when high probability realizations occur. The information lag also produces prices that do not respond much to current monetary realizations. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w7425 |
| 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/564966 |
| 推荐引用方式 GB/T 7714 | Brett Katzman,John Kennan,Neil Wallace. Optimal Monetary Impulse-Response Functions in a Matching Model. 1999. |
| 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 | ||
| w7425.pdf（374KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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