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Monetary Shocks in a Spatial Overlapping Generations Model

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  • Niels Anthonisen

    (Mount Allison University)

Abstract

The distribution of money across the economy determines relative prices which, in turn, determines the profile of production across the economy. Therefore any monetary shock that alters the distribution of money will also have an impact on output and employment.

Suggested Citation

  • Niels Anthonisen, 2008. "Monetary Shocks in a Spatial Overlapping Generations Model," 2008 Meeting Papers 455, Society for Economic Dynamics.
    • Handle: RePEc:red:sed008:455
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    References listed on IDEAS

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    1. Lucas, Robert Jr., 1990. "Liquidity and interest rates," Journal of Economic Theory, Elsevier, vol. 50(2), pages 237-264, April.
    2. Lucas, Robert E, Jr, 1980. "Equilibrium in a Pure Currency Economy," Economic Inquiry, Western Economic Association International, vol. 18(2), pages 203-220, April.
    3. Margaret M. McConnell & Gabriel Perez-Quiros, 2000. "Output fluctuations in the United States: what has changed since the early 1980s?," Proceedings, Federal Reserve Bank of San Francisco, issue Mar.
    4. Fuerst, Timothy S., 1992. "Liquidity, loanable funds, and real activity," Journal of Monetary Economics, Elsevier, vol. 29(1), pages 3-24, February.
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