Given the stylized facts on money in Chapter 21, how far does the MIUF approach (i) without

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Given the stylized facts on money in Chapter 21, how far does the MIUF approach

(i) without time and overlapping generations, (ii) with overlapping generations, satisfy the items in the list

(a) that you specified in answer to the preceding question?

In answering (i), you may, if you want, use the analysis of Chapter 3, or the IS–LM or IS–IRT framework, in embodying the MIUF approach.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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