| Titre | Contraintes de liquidités dans le modèle à générations imbriquées de Diamond. Neutralité des politiques monétaires et dynamique macroéconomique | |
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| Auteur | Philippe Michel, Bertrand Crettez, Bertrand Wigniolle | |
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Revue | Revue économique |
| Numéro | vol. 49, no. 3, 1998 Développements récents de l'analyse économique (46è congrès annuel de l'Association française de science économique, 1997) | |
| Page | 677-685 | |
| Résumé |
Cash-in-advance constraints in the overlapping generations model : neutrality of monetary policies and macro-dynamics
This article is concerned with the role of money in an O.L.G. model. Money is introduced through a cash-in-advance constraint. We show that money is super-neutral if the structure of money repartition does not depend on the money growth rate. We study the dynamics, and the influence of money transfers on capital accumulation. Source : Éditeur (via Persée) |
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| Résumé anglais |
Cash-in-advance constraints in the overlapping generations model : neutrality of monetary policies and macro-dynamics
This article is concerned with the role of money in an O.L.G. model. Money is introduced through a cash-in-advance constraint. We show that money is super-neutral if the structure of money repartition does not depend on the money growth rate. We study the dynamics, and the influence of money transfers on capital accumulation. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/reco_0035-2764_1998_num_49_3_410000 |
