Liquidity, welfare and distribution
This work presents a dynamic general equilibrium model where wealth distribution is endogenous. I provide channels of causality that suggest a complex relationship between financial markets and the real activity which breaks down the classical dichotomy. As a consequence, the Friedman rule does...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2012-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2012/1452-595X1202217M.pdf |