On Models of Money and Perfect Foresight

DOI10.2307/2526417zbMath0426.90010OpenAlexW2032979922MaRDI QIDQ3863640

Guillermo A. Calva

Publication date: 1979

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526417

zbMATH Keywords

ordinary differential equationsoptimal control problemlocal uniquenessoptimal solutioninfinite horizonsneoclassical production functionperfect foresight equilibriumrational expectation hypothesisdynamic monetary economic model

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Economic growth models (91B62) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (7)

Monetary policy and price level determinacy in a cash-in-advance economy ⋮ Adjustment costs and indeterminacy in perfect foresight models ⋮ Stochastic dynamic models with stock-dependent rewards ⋮ Adjustment costs, learning, and indeterminacy ⋮ The effects of temporary exchange-rate-based stabilizations when money serves a productive role ⋮ The spirit of capitalism, social status, money, and accumulation. ⋮ Optimum quantity of money instability

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