Aruoba, S. Boraðan; Waller, Christopher; Wright, Randall D. - 2009
decentralized trade, monetary policy affects centralized market investment.
• The above effect depends a lot on what one assumes about … price formation in decen-
tralized trade. If we use bargaining, inflation has little impact on investment, although
it still … above describes
the main innovations relative to past work.
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A previous attempt to put capital into a monetary model by …