Money in the RBC or NK model: MIU and CIA

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Notes:
MIU and CIA are just fancy terms for different model settings or structure settings of the RBC or NK models to introduce money into the models.

In RBC models, MIU with additively separable utility can be super neutrual for money. The crazy stuff is that Under special parameters setting, the FOCs of the MIU model actually produce the Fisher Quantity Identity of Monetary Theory.

CIA setting actually produces non-neutrality of money albeit it is very small. This means that the nominal shock of money supply has real effect on real variables. The FOCs of the model actually relate to the famous Friedman rule in monetary theory by seting the multiplier of CIA constraint equal to zero.  

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关键词：money model mode CIA del actually produces setting special supply

额……  你好，请问要上传的书呢？

日新少年 发表于 2014-7-12 08:41
额……  你好，请问要上传的书呢？

没说要上传书啊，没有书啊

ahnulxy 发表于 2014-7-13 06:25
没说要上传书啊，没有书啊

哦  哦

ahnulxy 发表于 2014-7-13 06:25
没说要上传书啊，没有书啊

请问有这方面的资料吗？求分享，，我也在看这个，谢谢！！

日新少年 发表于 2014-7-15 00:02
请问有这方面的资料吗？求分享，，我也在看这个，谢谢！！

后面写个note，给大家分享

你可以看看walsh2003或2010的那本货币政策方面的书：Walsh, C. E. Monetary Theory and Policy[M]. MIT Press,2010.

ahnulxy 发表于 2014-7-15 04:48
你可以看看walsh2003或2010的那本货币政策方面的书：Walsh, C. E. Monetary Theory and Policy[M]. MIT Pre ...

谢谢前辈指点！！