Asset trading mechanisms and expansionary policy
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Publication:1178817
DOI10.1016/0022-0531(91)90110-PzbMath0743.90030OpenAlexW2056603690MaRDI QIDQ1178817
Publication date: 26 June 1992
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(91)90110-p
Economic growth models (91B62) Auctions, bargaining, bidding and selling, and other market models (91B26) Social choice (91B14)
Related Items (20)
Monetary policy with asset-backed money ⋮ Heterogeneity, decentralized trade, and the long-run real effects of inflation ⋮ The redistributive effects of inflation and the shape of money demand ⋮ On the benefits of currency reform ⋮ Incomplete markets and the output-inflation tradeoff ⋮ Optimal monetary policy with heterogeneous money holdings ⋮ Credit and inflation under borrower's lack of commitment ⋮ A dynamic model of settlement ⋮ An overlapping-generations model with search ⋮ Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: do finite lives and initial dates matter? ⋮ A note on the optimum quantity of money ⋮ Money, credit and banking ⋮ Some benefits of cyclical monetary policy ⋮ Societal benefits of illiquid bonds. ⋮ ALTERNATIVE MONETARY POLICIES IN A TURNPIKE ECONOMY ⋮ ON THE TIMING OF PRODUCTION DECISIONS IN MONETARY ECONOMIES ⋮ MONEY AND NOMINAL BONDS ⋮ Money, capital, and redistributive effects of monetary policies ⋮ Endogenous discounting, wariness, and efficient capital taxation ⋮ Money with idiosyncratic uninsurable returns to capital
Cites Work
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- Subgame-perfect equilibria of finite- and infinite-horizon games
- Open-loop and closed-loop equilibria in dynamic games with many players
- A Difficulty with the Optimum Quantity of Money
- The Theoretical Limits to Redistribution
- Borrowing Constraints and Aggregate Economic Activity
- Efficiency and the Value of Money
- Straightforward Individual Incentive Compatibility in Large Economies
- Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
- Duality Theory for Infinite Horizon Convex Models
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