LIBROS DEL AUTOR: jean robert tyran

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  • Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality
    Jean-Robert Tyran
    In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. However, this explanation has been thoroughly discredited in modern economics. As a consequence, economists have ever since the 1970s searched for alternative expl...
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