Articles with "effects money" as a keyword



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Risk Premia and the Real Effects of Money

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Published in 2020 at "American Economic Review"

DOI: 10.1257/aer.20180203

Abstract: This paper proposes a flexible-price theory of the role of money in an economy with incomplete idiosyncratic risk sharing. When the risk premium goes up, money provides a safe store of value that prevents interest… read more here.

Keywords: risk; real effects; money; effects money ... See more keywords