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International Currency
Wright, Randall; Trejos, Alberto - In: Topics in Macroeconomics 1 (2001) 1
given money circulates internationally. We show the value of a given currency rises if it circulates abroad, and falls if … foreign money circulates locally. Also, we show that international monies have more value at home than abroad. These results …
Persistent link: https://www.econbiz.de/10014588468
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Search, money, and capital: a neoclassical dichotomy
Aruoba, S. Boragan; Wright, Randall - In: Proceedings (2003), pp. 1085-1117
into the search model some centralized markets as well as some decentralized markets where money is essential. This paper …
Persistent link: https://www.econbiz.de/10005420304
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General equilibrium with nonconvexities, sunspots, and money
Rocheteau, Guillaume; Rupert, Peter; Shell, Karl; … - Federal Reserve Bank of Cleveland - 2005
constitutes progress on the classic problem of integrating money and general equilibrium theory. We also use the model to discuss …
Persistent link: https://www.econbiz.de/10005428210
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Price setting, price dispersion, and the value of money - or - The law of two prices
Curtis, Elisabeth; Wright, Randall - Federal Reserve Bank of Cleveland - 2002
show how these features interact to influence the price level (i.e., the value of money) and price dispersion. First, price …
Persistent link: https://www.econbiz.de/10005428273
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Money in search equilibrium, in competitive equilibrium, and in competitive search equilibrium
Rocheteau, Guillaume; Wright, Randall - Federal Reserve Bank of Cleveland - 2004
equilibrium); and price posting (competitive search equilibrium). We also extend work on the microfoundations of money by allowing …
Persistent link: https://www.econbiz.de/10005428390
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The 2007 Summer Workshop on Money, Banking and Payments: an overview
Nosal, Ed; Wright, Randall - In: Policy Discussion Papers (2007) Dec
The 2007 Summer Workshop on Money, Banking, Payments and Finance met at the Federal Reserve Bank of Cleveland this …
Persistent link: https://www.econbiz.de/10005389952
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General Equilibrium with NonConvexities, Sunspots and Money
Rocheteau, Guillaume; Rupert, Peter; Shell, Karl; … - Society for Economic Dynamics - SED - 2006
constitutes progress on the classic problem of integrating money and general equilibrium theory. We also use the model to discuss …
Persistent link: https://www.econbiz.de/10004977942
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Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
Aruoba, Boragan; Davis, Morris; Wright, Randall - In: Review of Economic Dynamics
between interest rates and housing wealth deflated by nominal output (by the money supply). It also implies the cost of …
Persistent link: https://www.econbiz.de/10011103246
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Housing and Liquidity
He, Chao; Wright, Randall; Zhu, Yu - In: Review of Economic Dynamics
Coinciding with the start of the housing boom were large increases in home-equity lending and loan-to-equity ratios. We study this in models where housing bears a liquidity premium because it collateralizes loans. Even with fundamentals constant, since liquidity depends on beliefs,...
Persistent link: https://www.econbiz.de/10011103252
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Search-theoretic models of international currency
Trejos, Alberto; Wright, Randall - In: Review (1996) May, pp. 117-132
Persistent link: https://www.econbiz.de/10010727077