Showing 1 - 10 of 52
We construct a continuous-time, New-Monetarist economy that displays an endogenous, non-degenerate distribution of money holdings. Properties of equilibria are obtained analytically and equilibria are solved in closed form in a variety of cases. Lump-sum transfers financed with money creation...
Persistent link: https://www.econbiz.de/10011937389
Persistent link: https://www.econbiz.de/10012602694
Persistent link: https://www.econbiz.de/10001516271
Persistent link: https://www.econbiz.de/10001687784
Persistent link: https://www.econbiz.de/10001719689
We use alternative assumptions about the divisibility of goods and money and the ability of agents to use lotteries on money to investigate to what extent the indivisibility of money is the cause for the typically inefficient production and consumption decisions in search-theoretic models of...
Persistent link: https://www.econbiz.de/10014120606
Persistent link: https://www.econbiz.de/10009500807
Persistent link: https://www.econbiz.de/10010257921
Persistent link: https://www.econbiz.de/10009703616
Persistent link: https://www.econbiz.de/10011741353