A contribution to the pure theory of money
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Publication:751457
DOI10.1016/0022-0531(91)90154-VzbMath0714.90017OpenAlexW1964851251MaRDI QIDQ751457
Nobuhiro Kiyotaki, Randall Wright
Publication date: 1991
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(91)90154-v
Related Items (27)
Introduction to the symposium issue on money and liquidity ⋮ Search-based models of money and finance: an integrated approach ⋮ Fiat money in the Kiyotaki-Wright model ⋮ Search, evolution, and money ⋮ A finite horizon monetary economy ⋮ ``Itō's lemma and the Bellman equation for Poisson processes: An applied view ⋮ Comments on ``Frictional capital reallocation. I: Ex ante heterogeneity by R. Wright, S. X. Xiao, and Y. Zhu ⋮ Can ice cream be money? Perishable medium of exchangee ⋮ A dynamic equilibrium model of search, bargaining, and money ⋮ A new suggestion for simplifying the theory of money ⋮ Indirect reciprocity and money ⋮ Economic growth, financial evolution, and the long-run behavior of velocity ⋮ A dynamic equilibrium model of search, production, and exchange ⋮ SEARCH, WELFARE, AND THE “HOT POTATO” EFFECT OF INFLATION ⋮ Money, prices and interest rates in a non-aggregate stochastic general equilibrium model ⋮ Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money. ⋮ A monetary economy with counterfeiting ⋮ Government transaction policy, media of exchange, and prices ⋮ Search for a monetary propagation mechanism ⋮ Money, capital, and redistributive effects of monetary policies ⋮ Banking crises and liquidity in a monetary economy ⋮ Revisiting multiplicity of bubble equilibria in a search model with posted prices ⋮ Endogenous matching and money with random consumption preferences ⋮ Fiat money as a public signal, medium of exchange, and punishment ⋮ A Leviathan central bank: modeling seigniorage in a money search model ⋮ filtering for stochastic systems driven by Poisson processes ⋮ Indivisibilities, lotteries, and monetary exchange
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