Money as friction [electronic resource] : conceptual dissonance in Woodford?s Interest and prices /...
Money as friction [electronic resource] : conceptual dissonance in Woodford?s Interest and prices / Colin Rogers.
About this item
Full title
Author / Creator
Publisher
[Adelaide] : University of Adelaide, School of Economics, 2008.
Date
2008.
Record Identifier
MMS ID
Language
English
Formats
Publication information
Publisher
[Adelaide] : University of Adelaide, School of Economics, 2008.
Series
Place of Publication
South Australia
Date Published
2008.
Subjects
More information
Scope and Contents
Summary
In Interest and Prices Woodford employs a frictionless model to derive nominal interest rate rules that can be applied by central banks to achieve price level stability. But frictionless models are Walrasian general equilibrium models that preclude any role for money. Furthermore frictionless model have no role for nominal values or the price leve...
Alternative Titles
Full title
Money as friction [electronic resource] : conceptual dissonance in Woodford?s Interest and prices / Colin Rogers.
Authors, Artists and Contributors
Author / Creator
Notes
General note
Research paper / University of Adelaide, School of Economics ; no. 2008-03.
Title from title screen (viewed on Aug. 9, 2011)
Includes bibliographical references (p. 30-34)
System details note
Mode of access: Internet via World Wide Web. Address as at 09/08/2011: http://www.economics.adelaide.edu.au/research/papers/
System requirements: Adobe Acrobat reader to access the document in PDF.
Contextual Information
Other version (online)
Identifiers
Primary Identifiers
Record Identifier
74VvKyxeElGA
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/74VvKyxeElGA
Other Identifiers
DDC
332.46
MMS ID
991007953019702626
