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| Burkhard Heer |
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| ''Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents'' |
| ( 2004, Vol. 5 No.8 ) |
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| Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small. |
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| Keywords: |
JEL: E4 - Money and Interest Rates: General
E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
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| Manuscript Received : Apr 08 2004 | | Manuscript Accepted : Apr 13 2004 |
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