Interest on Money

  • M. L. Burstein


Section 3.2 studies a paradigm in which interest yields of monetary assets are fixed, perhaps at zero; Section 3.3 analyses effects of flexible ‘interest on money’; Section 3.4 concerns applications of the theory—including the model of Robertson (1926); and Section 3.5 discusses results obtained by Tobin (1982a).


Interest Rate Deposit Rate Central Bank Real Interest Rate Lending Rate 
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© M.L. Burstein 1986

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  • M. L. Burstein

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