Construct · 1 fields · 1 citations

money in the utility function: a standalone construct

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Monetary economics

modeling approach in which real money balances enter household utility directly, which gives money value in equilibrium.

In monetary economics, money in the utility function refers to modeling approach in which real money balances enter household utility directly, which gives money value in equilibrium. This meaning comes from Sidrauski (1969) in Journal of Political Economy.[1]

Unit
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Nearby constructs

equilibrium4 fields · 4 citationsjingle · one word, four constructs function5 fields · 6 citationsjingle · one word, five constructs utility3 fields · 3 citationsjingle · one word, three constructs

References

Sidrauski, M. (1969). Rational Choice and Patterns of Growth. Journal of Political Economy, 77(4, Part 2), 575-585. https://doi.org/10.1086/259552

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