Monetary policy with asset-backed money

DOI10.1016/j.jet.2015.08.006zbMath1369.91131OpenAlexW3122925783MaRDI QIDQ282157

Aleksander Berentsen, David Andolfatto, Christopher J. Waller

Publication date: 12 May 2016

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

Full work available at URL: http://research.stlouisfed.org/wp/2013/2013-030.pdf

zbMATH Keywords

limited commitmentasset-backed moneyoptimal monetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items

Payment instruments and collateral in the interbank payment system, Frictional capital reallocation. I: Ex ante heterogeneity, Optimal monetary policy with interest on reserves and capital over-accumulation

Cites Work

• Money and capital as competing media of exchange
• Essential interest-bearing money
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• RANDOM MATCHING AND MONEY IN THE NEOCLASSICAL GROWTH MODEL: SOME ANALYTICAL RESULTS