money and credit coexist. An increase in inflation affects unemployment through two channels: the matching channel and the …

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … for government money, where the terms of bank deposit contracts are constrained by the liquidity insurance available in …

consequence, a positive liquidity differential between money and real assets emerges, resulting in an increased demand for fiat … money, as observed since the eruption of the global financial crisis. A policy intervention replacing information sensitive … assets with government bonds or fiat money, as done in the asset-purchase program implemented by the Federal Reserve Bank …

information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

We model entrepreneurial finance using a combination of fiat money, traditional bank loans, and home equity loans. The …

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 are welfare-enhancing when labor productivity is low whereas … preferences and the velocity of money under heterogeneous preference shocks. …

We develop a dynamic general equilibrium model to analyze the relationship between monetary policy, money demand, and …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …