Contents

Monetary Bands and Monetary Neutrality

Hahm, Sang Moon

DC Field Value Language
dc.contributor.authorHahm, Sang Moon-
dc.date.available2018-12-06T04:47:56Z-
dc.date.created2018-02-08-
dc.date.issued2002-
dc.identifier.issn1016-8737-
dc.identifier.urihttps://archives.kdischool.ac.kr/handle/11125/28901-
dc.identifier.uri10.1080/10168730200000017-
dc.description.abstractThis paper attempts to provide an explanation of the short-run monetary non-neutrality in an economy where agents have full current information and no nominal prices are set in advance. This non-neutrality arises due to the government's setting of nominal target bands. If the current money supply is near the upper bound of the band, any increase in money supply will require the monetary authority to take immediate action to reduce it. This serves to decrease the expected rate of inflation, thus increasing the demand for real balances and production. This paper also shows that if readjustments of nominal target bands are likely to occur, then the positive effect of money on output becomes attenuated.-
dc.languageEnglish-
dc.publisherKorea International Economic Association-
dc.titleMonetary Bands and Monetary Neutrality-
dc.typeArticle-
dc.identifier.bibliographicCitationINTERNATIONAL ECONOMIC JOURNAL, vol. 16, no. 2, pp. 115-128-
dc.description.journalClass2-
dc.description.isOpenAccessN-
dc.citation.endPage128-
dc.citation.number2-
dc.citation.startPage115-
dc.citation.titleINTERNATIONAL ECONOMIC JOURNAL-
dc.citation.volume16-
dc.contributor.affiliatedAuthorHahm, Sang Moon-
dc.identifier.doi10.1080/10168730200000017-
dc.identifier.scopusid2-s2.0-85070134174-
Files in This Item:
    There are no files associated with this item.
Appears in Collections:

Click the button and follow the links to connect to the full text. (KDI CL members only)

qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

상단으로 이동