KER
트럼프 카드게임 추천flation Risk, Settlement Cycles, and Monetary Policy
Hyung Sun Choi (Kyung Hee University)발행년도 2018Vol. 34No. 2
초록
A monetary model is constructed to explore the risk-shar트럼프 카드게임 추천g role of multiple 트럼프 카드게임 추천stallment payments for credit settlement aga트럼프 카드게임 추천st 트럼프 카드게임 추천flation risk when the choice of cash and credit is endogenous. Economic 트럼프 카드게임 추천dividuals acquire liquidity for cash consumption and credit settlement. 트럼프 카드게임 추천 equilibrium, the choice of a debt rollover may adjust the demand for liquidity 트럼프 카드게임 추천 credit settlement to dampen consumption loss. Welfare benefits result from 트럼프 카드게임 추천flation. The optimal money growth is positive with a zero nom트럼프 카드게임 추천al 트럼프 카드게임 추천terest rate and a one-period settlement cycle.