Commodity money with frequent search

DOI10.1016/J.JET.2012.09.013zbMath1283.91139OpenAlexW3125515148MaRDI QIDQ694738

Nicholas Trachter, Ezra Oberfield

Publication date: 13 December 2012

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

Full work available at URL: http://www.chicagofed.org/digital_assets/publications/working_papers/2010/wp2010_22.pdf

zbMATH Keywords

multiple equilibriasunspotssearchcommodity money

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

Related Items (4)

New leads in speculative behavior ⋮ Money mining and price dynamics: the case of divisible currencies ⋮ A new suggestion for simplifying the theory of money ⋮ A dynamic analysis of Nash equilibria in search models with fiat money

Cites Work

• Anonymous sequential games
• On the indeterminacy of capital accumulation paths
• Indeterminacy and increasing returns
• Fiat money in the Kiyotaki-Wright model
• More on money as a medium of exchange
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.
• A sunspot paradox
• Coordinating Coordination Failures in Keynesian Models
• Information and Timing in Repeated Partnerships

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