【主讲】Zhu Tao 副教授 (香港科技大学)
【主题】Nonneutrality of Money in Dispersion: Hume Revisited
【时间】2015年3月16日 (周一) 15：30-17：00
【地点】上海财经大学经济学院楼801室
【语言】英文
【摘要】This paper seeks to explore non neutrality of money in thedispersion process following an unanticipated money injection. The injection is endogenously nonproportional. The responses of the output and nominal price to the injection depends on the direction of the distributional effect. If the injection makes the wealth distribution less equal than the pre-injection distribution, then its output effect can be significantly positive so that the price appears to be sticky and itseffects on output and price can be very persistent.
