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Alpha Creator Tesim: Bental, Benjamin. and Eden, Benjamin. Series: Lucas expectations anniversary conference Abstract Tesim: We propose a model in which an unanticipated reduction in the money supply leads to a contemporaneous increase in inventories followed by periods with lower output. This persistent real effect does not require price-rigidity or real shocks and confusion. It is obtained in a model in which markets are cleared and agents are price-takers. Mot-clé: Productivity, Money supply, Money, and Supply Assujettir: E22 - Macroeconomics : Consumption, saving, production, employment, and investment - Capital ; Investment ; Capacity and E51 - Monetary policy, central banking, and the supply of money and credit - Money supply ; Credit ; Money multipliers
Alpha Creator Tesim: Bental, Benjamin. and Peled, Dan. Series: Economic growth and development Mot-clé: Investments, Technology, Production, Capital, and Labor market Assujettir: D24 - Production and organizations - Production ; Cost ; Capital and total factor productivity ; Capacity and J24 - Demand and supply of labor - Human capital ; Skills ; Occupational choice ; Labor productivity
Alpha Creator Tesim: Bental, Benjamin. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Dept.) Number: 103 Mot-clé: Fixed point theorem, Schauder's theorem, Overlapping generations, and Equilibrium Assujettir: D58 - General equilibrium and disequilibrium - Computable and other applied general equilibrium models and C68 - Mathematical methods and programming - Computable general equilibrium models