Money illusion and strategic complementarity as causes of monetary non-neutrality /

In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. However, this explanation has been thoroughly discredited in modern economics. As a consequence, economists ha...

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Bibliographic Details

Main Author:	Tyran, Jean-Robert, 1967-
Corporate Author:	SpringerLink (Online service)
Format:	eBook
Language:	English
Published:	Berlin ; New York : Springer, [1999]
Series:	Lecture notes in economics and mathematical systems ; 472.
Subjects:	Money > Mathematical models. Monetary policy > Mathematical models. Money illusion. Política monetaria > Modelos matemáticos. Monetaire politiek. Monetaire theorie. Wiskundige modellen. Geldillusion. Neutralität des Geldes. Electronic books.
Online Access:	Connect to the full text of this electronic book