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Interest on Money

  • M. L. Burstein

Abstract

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).

Keywords

Interest Rate Deposit Rate Central Bank Real Interest Rate Lending Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© M.L. Burstein 1986

Authors and Affiliations

  • M. L. Burstein

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