The Foundations of Money Illusion in a Neoclassical Micro-Monetary Model.
This article discusses the microeconomic foundations of money illusion. Within a general neoclassical micro-monetary model of individual utility maximization, where money and commodity prices enter the objectives function, it is important to provide general conditions for the existence of demand fun...
| Publicado en: | American Economic Review Vol. 64; no. 1; pp. 115 - 123 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
Mar1974
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4486994&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4486994 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Mar1974 vid: 64 iid: 1 pid: 22 pub: American Economic Association artinfo: ui: 4486994 ppf: 115 ppct: 8 formats: tig: atl: The Foundations of Money Illusion in a Neoclassical Micro-Monetary Model. aug: au: Dusansky, Richard Kalman, Peter J. affil: State University of New York, Stony Brook su: Economic demand Microeconomics Demand function Elasticity (Economics) Utility functions Fiscal policy Monetary policy Economic policy sug: subj: Economic demand Microeconomics Demand function Elasticity (Economics) Utility functions Fiscal policy Monetary policy Economic policy ab: This article discusses the microeconomic foundations of money illusion. Within a general neoclassical micro-monetary model of individual utility maximization, where money and commodity prices enter the objectives function, it is important to provide general conditions for the existence of demand functions which are free of money illusion. It is necessary to consider the general formulation of consumer utility maximization when real balances enter the utility function. Moreover, it is very crucial to examine the solutions to the first-order conditions and to determine whether these solutions become altered in response to the equi-proportionate change. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1974 holdings: @attributes: islocal: N |
|---|