Messori, Marcello; Tamborini, Roberto - In: Scottish Journal of Political Economy 42 (1995) 4, pp. 443-64
In spite of a richness of New Keynesian models that provide the microfoundations to money non-neutrality, a systematic New Keynesian monetary theory is not ripe. In this paper the authors wish to propose a unifying theoretical monetary framework for these models, based on sequential time,...