A Difficulty with the Optimum Quantity of Money
From MaRDI portal
Publication:3670888
DOI10.2307/1912286zbMath0521.90038OpenAlexW2060928447MaRDI QIDQ3670888
Publication date: 1983
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1912286
Pareto optimalityequilibrium existencefinitely many immortal consumersgeneral equilibrium model with money
Related Items (33)
Monetary and fiscal policies in a general equilibrium model ⋮ Monetary policy and price level determinacy in a cash-in-advance economy ⋮ Huggett economies with multiple stationary equilibria ⋮ Frictional asset markets and the liquidity channel of monetary policy ⋮ Incomplete markets and the output-inflation tradeoff ⋮ An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity ⋮ Savings, asset scarcity, and monetary policy ⋮ Monetary equilibrium with missing markets. ⋮ Equilibrium analysis, banking and financial instability. ⋮ The wealth distribution in Bewley economies with capital income risk ⋮ Distributional effects of endogenous discounting ⋮ Long-lived collateralized assets and bubbles ⋮ A tractable model of monetary exchange with ex post heterogeneity ⋮ Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies ⋮ Credit and inflation under borrower's lack of commitment ⋮ Asset price fluctuations without aggregate shocks ⋮ Asset trading mechanisms and expansionary policy ⋮ Rational housing bubble ⋮ The risk-free rate in heterogeneous-agent incomplete-insurance economies ⋮ Communication, commitment, and growth ⋮ General equilibrium, wariness and efficient bubbles ⋮ Asset prices in a Huggett economy ⋮ Infinite horizon equilibrium with incomplete markets ⋮ On fragility of bubbles in equilibrium asset pricing models of Lucas-type ⋮ A note on the optimum quantity of money ⋮ Inequality and economic growth in the UK ⋮ ALTERNATIVE MONETARY POLICIES IN A TURNPIKE ECONOMY ⋮ Expectation traps and discretion ⋮ Money and dynamic credit arrangements with private information ⋮ Endogenous discounting, wariness, and efficient capital taxation ⋮ Heterogeneity and monetary policy ⋮ Bubbly bitcoin ⋮ Rational expectations in the overlapping generations model
This page was built for publication: A Difficulty with the Optimum Quantity of Money