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Opposite policy implications in the theory of money and banking

Bertolai, Jefferson D. P.; Cavalcanti, Ricardo de Oliveira - In: Revista brasileira de economia : RBE ; revista da … 67 (2013) 4, pp. 411-429

Persistent link: https://www.econbiz.de/10011443962

Lucas's signal-extraction model : a finite state exposition with aggregate real shocks

Wallace, Neil - In: Journal of monetary economics 30 (1992) 3, pp. 433-447

Persistent link: https://www.econbiz.de/10001140307

Identification and estimation of a model of hyperinflation with a continuum of "sunspot" equilibrium

Sargent, Thomas J.; Wallace, Neil - 1985

Persistent link: https://www.econbiz.de/10000773215

Optimal inflation in a model of inside money

Devjatov, Aleksej; Wallace, Neil - In: Review of economic dynamics 17 (2014) 2, pp. 287-293

Persistent link: https://www.econbiz.de/10010473574

Whither monetary economics? : Lawrence R. Klein lecture 2000

Wallace, Neil - In: International economic review 42 (2001) 4, pp. 847-869

Persistent link: https://www.econbiz.de/10001624460

Optimal inflation in a model of inside money

Deviatov, Alexei; Wallace, Neil - In: Review of Economic Dynamics 17 (2014) 2, pp. 287-293

There are several models of outside money in which some inflation accomplished through lump-sum transfers is optimal. It is shown here that inflation can be optimal in a model of inside money, essentially the model in Cavalcanti-Wallace (1999). The possibility of inflation comes about via the...

Persistent link: https://www.econbiz.de/10010744712