Browsing ECO Working Papers by Subject "Limited Participation"

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Browsing ECO Working Papers by Subject "Limited Participation"

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    Title: Slow Money Dissemination  Author(s): ENDERS, Zeno Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: A model of limited participation in the asset market is developed, in which varieties of consumption bundles are purchased sequentially. By this, heterogeneity in money holdings and in the effective elasticity of ...