Carlstrom, Charles T. (contributor); … - 2003 - [Elektronische Ressource]
-form sticky price models, where the underlying structural
model is a labor-only economy and money is introduced via a money … equilibria” interchangeably.
2
Households are identical and infinitely-lived with preferences over consumption,
real money … to
Carlstrom and Fuerst (2001a), we adopt the convention of end-of-period money balances
in the utility function. We …