Article ID Journal Published Year Pages File Type
5060059 Economics Letters 2012 4 Pages PDF
Abstract
► Available evidence indicates that the effects of monetary policy vary across countries. ► In our model, the reliance on cash is inversely related to the level of capital formation. ► The model shows that multiple steady-state equilibria can arise. ► The effects of monetary policy vary across steady-states.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
The effects of monetary policy at different stages of economic development
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