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Economic Quarterly

Fall 1995

The Increasing-Returns-to-Scale/Sticky-Price Approach to Monetary Analysis

Mary G. Finn

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An assessment of the increasing-returns-to-scale/sticky-price theory of the monetary transmission mechanism suggests that, while the theory is interesting, it has significant shortcomings, making it unsound as a basis for understanding the effects of monetary policy.

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Lisa Davis (804) 697-8179

Economic Quarterly

The Increasing-Returns-to-Scale/Sticky-Price Approach to Monetary Analysis

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