| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965464 | Journal of Macroeconomics | 2012 | 14 Pages |
Abstract
⺠How does model ambiguity impact money (non) neutrality? ⺠The correction for ambiguity stemming from the money supply is nil at equilibrium. ⺠This is because lump sum transfers hedge against money supply risk. ⺠Hence money is neutral with respect to the stock market equilibrium. ⺠Money is generally not neutral with respect to consumption and capital accumulation.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Abraham Lioui, Patrice Poncet,