Abstract
Section 3.2 studies a paradigm in which interest yields of monetary assets are fixed, perhaps at zero; Section 3.3 analyses effects of flexible ‘interest on money’; Section 3.4 concerns applications of the theory—including the model of Robertson (1926); and Section 3.5 discusses results obtained by Tobin (1982a).
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© 1986 M.L. Burstein
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Burstein, M.L. (1986). Interest on Money. In: Modern Monetary Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18070-7_3
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DOI: https://doi.org/10.1007/978-1-349-18070-7_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-18072-1
Online ISBN: 978-1-349-18070-7
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