Price level volatility: A simple model of money taxes and sunspots

DOI10.1006/jeth.1997.2362zbMath0910.90021OpenAlexW1976605736MaRDI QIDQ1270744

Joydeep Bhattacharya, Mark G. Guzman, Karl Shell

Publication date: 8 December 1998

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/c6de593bd879d53b0d870c5661f4ad735ec1fd1f

zbMATH Keywords

sunspot equilibriaprice-level volatility

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (4)

Price-level volatility and welfare in incomplete markets with sunspots ⋮ Incomplete markets and volatility ⋮ Introduction to modeling money and studying monetary policy ⋮ Money taxes and efficiency when sunspots matter

Cites Work

• Unnamed Item
• Extrinsic uncertainty revisited
• Equilibrium in economies with incomplete financial markets
• The overlapping-generations model. II. The case of pure exchange with money
• Indivisibilities, lotteries, and sunspot equilibria
• Efficient monetary equilibrium: An overlapping generations model with nonstationary monetary policies
• Rationing and sunspot equilibria
• Robustness of sunspot equilibria
• Options and sunspots in a simple monetary economy
• The economic effects of restrictions on government budget deficits
• On exchange rates and efficiency
• When sunspots don't matter
• Market Uncertainty: Correlated and Sunspot Equilibria in Imperfectly Competitive Economies
• Market Participation and Sunspot Equilibria
• Markets for an Exchange Economy with Individual Risks

This page was built for publication: Price level volatility: A simple model of money taxes and sunspots