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Liquidity, Monetary Policy, and Asset Prices

Ed Nosal and Guillaume Rocheteau

in Money, Payments, and Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016285
eISBN:
9780262298285
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016285.003.0011
Subject:
Economics and Finance, Econometrics

This chapter investigates the process through which asset prices are determined in monetary economies. Here, fiat money is viewed as an asset when situated within a monetary economy. Though its ... More


Information, Monetary Policy, and the Inflation–Output Trade-Off

Ed Nosal and Guillaume Rocheteau

in Money, Payments, and Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016285
eISBN:
9780262298285
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016285.003.0007
Subject:
Economics and Finance, Econometrics

This chapter asks the question, “How does money affect output?” While money is neutral, it cannot be considered to be superneutral due to the real effects the changes in the rate of growth of money ... More


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