SHERP

Interactions between Nominal and Real Variables with Observable Nominal Aggregates

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Authors
Hahm, Sangmoon
Issue Date
1994
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 7 (No. 3 1994): 305-324
Keywords
monetary noise; procyclical money; island type
Abstract
This paper shows that serially uncorrelated monetary noise can affect output. even though every agent observes the price level and the money stock. if government responds to real shocks imperfectly and agents are asymmetrically informed. Furthermore, procyclical money can be associated with countercyclical price.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1046
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.07(3) (Fall 1994)
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