| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10016 |
| 来源ID | Working Paper 10016 |
| On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand | |
| Fernando Alvarez; Andrew Atkeson; Chris Edmond | |
| 发表日期 | 2003-10-06 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We exposit the link between money, velocity and prices in an inventory-theoretic model of the demand for money and explore the extent to which such a model can account for the short-run volatility of velocity, the negative correlation of velocity and the ratio of money to consumption, and the resulting stickiness' of the aggregate price level relative to a benchmark model with constant velocity. We find that an inventory-theoretic model of the demand for money is a natural framework for understanding these aspects of the dynamics of money, velocity and prices in the short run. |
| 主题 | Macroeconomics ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w10016 |
| 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/567640 |
| 推荐引用方式 GB/T 7714 | Fernando Alvarez,Andrew Atkeson,Chris Edmond. On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand. 2003. |
| 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 | ||
| w10016.pdf（844KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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