Similar Search Results

Interest rate rules, inflation and the Taylor principle: an analytical exploration

Bénassy, Jean-Pascal - In: Economic Theory 27 (2006) 1, pp. 143-162

should respond more than one for one to inflation. This model yields explicit solutions for the optimal rule. We find that … underlying shocks, or which measure of inflation is used. In general the optimal elasticity of the interest rate with respect to … inflation needs not be greater than one. Copyright Springer-Verlag Berlin/Heidelberg 2006 …

Persistent link: https://www.econbiz.de/10005371011

Bankruptcy and firm finance

Krasa, Stefan; Sharma, Tridib; Villamil, Anne - In: Economic Theory 36 (2008) 2, pp. 239-266

Persistent link: https://www.econbiz.de/10005371089

The inflationary bias of real uncertainty and the harmonic Fisher equation

Karatzas, Ioannis; Shubik, Martin; Sudderth, William; … - In: Economic Theory 28 (2006) 3, pp. 481-512

We argue that real uncertainty itself causes long-run nominal inflation. Consider an infinite horizon cash … the central bank fixes the nominal rate of interest. We show that the equilibrium long-run rate of inflation is strictly … an explicit formula for the long-run rate of inflation, based on the famous Fisher equation. The Fisher equation says the …

Persistent link: https://www.econbiz.de/10005371116

The tax-foundation theory of fiat money

Goldberg, Dror - In: Economic Theory 50 (2012) 2, pp. 489-497

Persistent link: https://www.econbiz.de/10010557785

Inflation in Open Economies with Complete Markets

Celentani, Marco; Conde-Ruiz, J.; Desmet, Klaus - In: Economic Theory 31 (2007) 2, pp. 271-291

Persistent link: https://www.econbiz.de/10005753422

How to avoid the consequences of anticipated monetary policies

Gersbach, Hans - In: Economic Theory 14 (1999) 3, pp. 729-740

lowest inflation rate. Our results suggest that the difference between unanticipated and anticipated policy switches may not …

Persistent link: https://www.econbiz.de/10005596786

Money, price dispersion and welfare

Peterson, Brian; Shi, Shouyong - In: Economic Theory 24 (2004) 4, pp. 907-932

We introduce heterogeneous preferences into a tractable model of monetary search to generate price dispersion, and then examine the effects of money growth on price dispersion and welfare. With buyers’ search intensity fixed, we find that money growth increases the range of (real) prices and...

Persistent link: https://www.econbiz.de/10005596803

Nominal uniqueness and money non-neutrality in the limit-price exchange process

Giraud, Gaël; Tsomocos, Dimitrios - In: Economic Theory 45 (2010) 1, pp. 303-348

Persistent link: https://www.econbiz.de/10008673894