A microfounded approach to currency substitution and government policy

DOI10.1016/j.jet.2024.105847zbMATH Open1544.9122MaRDI QIDQ6564059

Florian Madison

Publication date: 28 June 2024

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

zbMATH Keywords

monetary policylimited commitmentMarkov-perfect equilibriumfiscal policycurrency substitution

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

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• Money is memory
• Government transaction policy, media of exchange, and prices
• Government transaction policy, the medium of exchange, and welfare
• Currency restrictions, government transaction policies and currency exchange
• Optimal fiscal and monetary policy when money is essential
• Pairwise trade and coexistence of money and higher-return assets
• Time-Consistent Public Policy
• Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons
• Currency Exchange in a Random Search Model
• Information, Liquidity, Asset Prices, and Monetary Policy
• GOVERNMENT POLICY IN MONETARY ECONOMIES*
• Money and Information
• Toward a Theory of International Currency
• The Time Consistency of Optimal Monetary and Fiscal Policies
• A Walrasian Theory of Money and Barter
• Markov perfect equilibrium. I: Observable actions

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