E50 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:05:20+00:00Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand
https://www.bankofcanada.ca/2007/08/working-paper-2007-46/
This paper studies the effects of monetary policy in an inventory theoretic model of money demand. In this model, agents keep inventories of money, despite the fact that money is dominated in rate of return by interest bearing assets, because they must pay a fixed cost to transfer funds between the asset market and the goods market.2007-08-06T11:36:22+00:00enEndogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand2007-08-06Monetary policy frameworkMonetary policy transmissionWorking Paper 2007-46 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-46.pdfEndogenously Segmented Asset Market in an Inventory Theoretic Model of Money DemandJonathan ChiuAugust 2007EE3E31E4E41E5E50