Template-Type: ReDIF-Paper 1.0
Title: The Non-Neutrality of Money in a Production Economy with Nominal Assets
Author-Name: Michael Magill
Author-Name: Martine Quinzii

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Abstract: In a general equilibrium model with money we show that anticipated 
 changes in monetary policy have real effects if markets are incomplete and 
 have no real effects if markets are complete. Unanticipated changes in 
 monetary policy always have real effects.
Series: Sonderforschungsbereich 303, University of Bonn, Germany

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Creation-Date: 1989-12
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Handle: RePEc:bon:bonsfa:267