The Quantity of Money from Distribution
Author: Henry Rawie
Publisher:
Published: 1909
Total Pages: 64
ISBN-13:
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Author: Henry Rawie
Publisher:
Published: 1909
Total Pages: 64
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DOWNLOAD EBOOKAuthor: Miguel Pereira Molico
Publisher:
Published: 1997
Total Pages: 34
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DOWNLOAD EBOOKAuthor: John Bates Clark
Publisher:
Published: 1899
Total Pages: 490
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DOWNLOAD EBOOKAuthor: Edward Atkinson
Publisher:
Published: 1885
Total Pages: 324
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DOWNLOAD EBOOKAuthor: Miguel Molico
Publisher:
Published: 2007
Total Pages: 0
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DOWNLOAD EBOOKThis article considers a search-theoretic model of monetary exchange. Agents bargain over both the amount of money and the quantity of goods to be exchanged in bilateral meetings, determining endogenously the distributions of money and of prices. I show that money is neutral if changes in the money supply are accomplished via proportional transfers. However, within the class of lump-sum transfers, an increase of the rate of monetary expansion tends to decrease the dispersion of wealth and prices and to improve welfare when inflation is low; but when inflation is high enough, the opposite effects occur.
Author: Edward Atkinson
Publisher:
Published: 1885
Total Pages: 384
ISBN-13:
DOWNLOAD EBOOKAuthor: John Atkinson Hobson
Publisher:
Published: 1900
Total Pages: 390
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DOWNLOAD EBOOKAuthor: Edward Atkinson
Publisher:
Published: 1888
Total Pages: 386
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DOWNLOAD EBOOKAuthor: Edward Atkinson
Publisher:
Published: 1885
Total Pages: 324
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DOWNLOAD EBOOKAuthor: Hugo Hegeland
Publisher:
Published: 1951
Total Pages: 282
ISBN-13:
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