TY  - UNPD
A1  - Fehr, Ernst
A1  - Tyran, Jean-Robert
T1  - Strategic complementarity, nominal rigidity and the non-neutrality of money : [Version September 1998]
T2  - Institut für Kapitalmarktforschung (Frankfurt am Main): CFS working paper series ; No. 1999,07
N2  - This paper examines whether an exogenous anticipated monetary shock causes real economic effects, i.e. whether anticipated money is neutral. A major finding is that an anticipated monetary shock can in fact be massively non-neutral in the shortrun, if the economic environment is characterized by strategic complementarity. If the environment is characterized by strategic substitutability, anticipated monetary shocks are largely neutral.
T3  - CFS working paper series - 1999, 07 
KW  - strategic complementarity
KW  - experimental economics
KW  - behavioral macroeconomics
KW  - Geldpolitik
KW  - Schock <Wirtschaft>
KW  - Makroökonomie
KW  - Makroökonomisches Modell
KW  - Testen
KW  - Verhaltensökonomie
KW  - Neutralität des Geldes
KW  - Preisstarrheit
Y1  - 1999
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/35006
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-350063
IS  - Version September 1998
PB  - Inst. für Kapitalmarktforschung
CY  - Frankfurt am Main
ER  -