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MONETARY UNCERTAINTY IN DISCRETE-TIME UTILITY-OF-MONEY MODELS
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UNSPECIFIED (1994) MONETARY UNCERTAINTY IN DISCRETE-TIME UTILITY-OF-MONEY MODELS. ECONOMICS LETTERS, 44 (1-2). pp. 127-132. ISSN 0165-1765.
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Abstract
In a discrete-time model, higher variability of the future money supply affects current macroeconomic variables when beginning-of-period money is the argument of utility, but not when end-of-period money is. The effect is through the existence of a precautionary money demand.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | ECONOMICS LETTERS | ||||
Publisher: | ELSEVIER SCIENCE SA LAUSANNE | ||||
ISSN: | 0165-1765 | ||||
Official Date: | 1994 | ||||
Dates: |
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Volume: | 44 | ||||
Number: | 1-2 | ||||
Number of Pages: | 6 | ||||
Page Range: | pp. 127-132 | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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