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Limited participation and the neutrality of money
Williamson, Stephen D. - In: Economic quarterly 91 (2005) 2, pp. 1-20
Persistent link: https://www.econbiz.de/10003320590
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Monetary policy and distribution
Williamson, Stephen D. - In: Journal of monetary economics 55 (2008) 6, pp. 1038-1053
Persistent link: https://www.econbiz.de/10003790108
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Transactions, credit, and central banking in a model of segmented markets
Williamson, Stephen D. - In: Review of economic dynamics 12 (2009) 2, pp. 344-362
Persistent link: https://www.econbiz.de/10003851296
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Search, limited participation, and monetary policy
Williamson, Stephen D. - In: International economic review 47 (2006) 1, pp. 107-128
Persistent link: https://www.econbiz.de/10003301017
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Limited Participation and the Neutrality of Money
Williamson, Stephen D. - 2012
An exploration of limited participation models reviews the literature and plots some new directions of research in this area. I constructed and modified a baseline cash-in-advance model to illustrate the main ideas. The model shows how limited participation can explain the liquidity effect and...
Persistent link: https://www.econbiz.de/10013096995