• Title of article

    Inflation and asset prices in a monetary economy

  • Author/Authors

    Pierluigi Balduzzi، نويسنده , , Pierluigi ، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1996
  • Pages
    8
  • From page
    67
  • To page
    74
  • Abstract
    This paper derives solutions for inflation and asset prices in a cash-in-advance economy with logarithmic preferences. Although the monetary and real processes are independent, the money supply affects real interest rates and stock returns, as well as nominal interest rates.
  • Keywords
    exchange economy , cash-in-advance constraint
  • Journal title
    Economics Letters
  • Serial Year
    1996
  • Journal title
    Economics Letters
  • Record number

    434197

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434197