Government transaction policy, the medium of exchange, and welfare

DOI10.1006/jeth.1996.2250zbMath0887.90009OpenAlexW2002273416MaRDI QIDQ1367904

S. Rao Aiyagari, Neil Wallace

Publication date: 6 May 1998

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

Full work available at URL: https://doi.org/10.1006/jeth.1996.2250

zbMATH Keywords

Kiyotaki-Wright model of media of exchange

Mathematics Subject Classification ID

Related Items (5)

Money mining and price dynamics: the case of divisible currencies ⋮ Asymmetric government transaction policies and currencies substitutability ⋮ The evolution of monetary equilibrium ⋮ The tax-foundation theory of fiat money ⋮ Government transaction policy, media of exchange, and prices

Cites Work

• Fiat money in the Kiyotaki-Wright model
• Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model

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