Bae, Youngsoo (contributor); Kakkar, Vikas (contributor); … - 2004
functional forms which allow for
the liquidity trap are better than the log-level functional form.
8
References
Allais, Maurice … first class of models is based on the inventory-theoretic approach to money demand pioneered
by Allais (1947, Vol. 1, pp.235 … model.3
Miller and Orr (1966) extend the Allais-Baumol-Tobin analysis to the case in which cash flows
are stochastic while …