% WARNING: This file may contain UTF-8 (unicode) characters. % While non-8-bit characters are officially unsupported in BibTeX, you % can use them with the biber backend of biblatex % usepackage[backend=biber]{biblatex} @techreport{NBERw3145, title = "A Framework for studying Monetary Non-Neutrality", author = "Robert E. Hall", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "3145", year = "1989", month = "October", doi = {10.3386/w3145}, URL = "http://www.nber.org/papers/w3145", abstract = {This paper sets forth a simple general structural model of aggregate output, the interest rate, and the price level. The core of the model is the determination of the level of output as a product-market equilibrium, either competitive or oligopolistic, possible indeterminate because of thick-market externalities. Monetary non-neutrality can affect either product demand or product supply. In either case, monetary policy has leverage over output as well as the price level. The paper develops a two-diagram analysis intended to replace the aggregate demand-aggregate supply diagram. }, }