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Money and inventories in an economy with uncertain and sequential trade

Creator:

Bental, Benjamin. and Eden, Benjamin.

Series:

Lucas expectations anniversary conference

Abstract:

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.

Keyword:

Productivity, Money supply, Money, and Supply

Subject:

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
Decade lost and found : Mexico and Chile in the 1980s, a

Creator:

Bergoeing, Raphael., Kehoe, Patrick J., Kehoe, Timothy Jerome, 1953-, and Soto, Raimundo.

Series:

Great depressions of the twentieth century

Keyword:

Policy, Growth, Mexico, Chile, and Supply

Subject:

E66 - Macroeconomic policy, macroeconomic aspects of public finance, and general outlook - General outlook and conditions, O11 - Economic development - Macroeconomic analyses of economic development, O57 - Economywide country studies - Comparative studies of countries, and N16 - Macroeconomics and monetary economics ; Growth and fluctuations - Latin America ; Caribbean