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- W3145797785 abstract "The standard undergraduate textbook models in macroeconomics like the IS-LM/AD-AS model are not disaggregated enough to understand the effects of monetary policy shocks in developing economies typically characterized by substantial informality, and goods and financial markets segmentation. In this paper, I present a version of a segmented markets model based on Williamson (2009, 2011) that could be used as an effective alternative. I demonstrate the use of the framework by analyzing the effects of demonetization- a substantial reduction in the availability of outside money- in a developing country setting." @default.
- W3145797785 created "2021-04-13" @default.
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- W3145797785 date "2017-01-01" @default.
- W3145797785 modified "2023-09-24" @default.
- W3145797785 title "A Segmented Markets Model to Teach Analysis of Monetary Policy Shocks in Developing Economies" @default.
- W3145797785 hasPublicationYear "2017" @default.
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