Money and Production, and Liquidity Trap

We prove the existence of monetary equilibrium in a finite horizon economy with production. We also show that if agents expect the monetary authority to significantly decrease the supply of bank money available for short term loans in the future, then the economy will fall into a liquidity trap today

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Year of publication:	2006
Authors:	Geanakoplos, John ; Dubey, Pradeep K.
Publisher:	[S.l.] : SSRN
Subject:	Liquiditätspräferenz \| Liquidity preference \| Geldtheorie \| Monetary theory \| Geldpolitik \| Monetary policy \| Produktivität \| Productivity

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Extent:	1 Online-Ressource (27 p)
Series:	Cowles Foundation Discussion Paper ; No. 1574
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2006 erstellt
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D51 - Exchange and Production Economies ; D52 - Incomplete Markets ; D53 - Financial Markets ; D58 - Computable and Other Applied General Equilibrium Models ; D60 - Welfare Economics. General ; E12 - Keynes; Keynesian; Post-Keynesian ; E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E41 - Demand for Money
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014056773