Monetary non-neutrality in the Sidrauski model under uncertainty

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 100
Issue: 1
Pages: 22-26

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Introducing uncertainty in the Reis's [Reis, R., 2007, The analytics of monetary non-neutrality in the Sidrauski model, Economics Letters 94 (1), 129-135] version of the Sidrauski model leads to a monetary policy that is not super-neutral even though money and consumption are separable in the utility function. This is because the real interest rate is affected by such a policy. Only in the case of an interest rate inelastic money demand does the super-neutrality result survive.

Technical Details

RePEc Handle
repec:eee:ecolet:v:100:y:2008:i:1:p:22-26
Journal Field
General
Author Count
2
Added to Database
2026-01-25