Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70051
Authors: 
Müller, Markus
Schittko, Ulrich
Year of Publication: 
1999
Series/Report no.: 
Volkswirtschaftliche Diskussionsreihe, Institut für Volkswirtschaftslehre der Universität Augsburg 188
Abstract: 
In a framework of a two-country monetary asset-pricing model with production the effects of stochastic and structural fiscal and monetary policy shocks are investigated. The model is kept simple enough to allow the derivation of closed form solutions of the functional equation system for the equilibrium price functions. With money yielding liquidity services in the exchange process some correlation results are derived, especially for the impact of structural and stochastic policy shocks on stock prices, exchange rates etc. Furthermore it is investigated whether shares can provide protection against inflation resulting from monetary shocks.
JEL: 
E44
E52
G12
G15
Document Type: 
Working Paper

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