Now showing items 1-1 of 1

    • Some benefits of cyclical monetary policy 

      Cavalcanti, Ricardo de Oliveira; Nosal, Ed
      2005-10-01
      In this paper, we present a simple random-matching model of seasons, where di§erent seasons translate into di§erent propensities to consume and produce. We Önd that the cyclical creation and destruction of money is beneÖcial ...