ALTERNATIVE MONETARY POLICIES IN A TURNPIKE ECONOMY

DOI10.1017/S1365100509990940zbMath1219.91100OpenAlexW2116764167MaRDI QIDQ3089013

Rodolfo E. Manuelli, Thomas J. Sargent

Publication date: 23 August 2011

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100509990940

zbMATH Keywords

creditPareto optimalityFriedman ruleFiat money

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Related Items (2)

The redistributive effects of inflation and the shape of money demand ⋮ Optimal monetary policy with heterogeneous money holdings

Cites Work

• Asset trading mechanisms and expansionary policy
• Money is memory
• Transaction costs and the use of cash and credit
• Cohomology of elementary states in twistor conformal field theory
• Efficient Allocations with Hidden Income and Hidden Storage
• A Difficulty with the Optimum Quantity of Money
• Borrowing Constraints and Aggregate Economic Activity
• Money and Growth: The Case of Long Run Perfect Foresight

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