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A Difficulty with the Optimum Quantity of Money

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  • Bewley, Truman

Abstract

This series of programs solve a Bewley model with production
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  • Bewley, Truman, 1983. "A Difficulty with the Optimum Quantity of Money," Econometrica, Econometric Society, vol. 51(5), pages 1485-1504, September.
    • Handle: RePEc:ecm:emetrp:v:51:y:1983:i:5:p:1485-504
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    as
    1. repec:bla:econom:v:38:y:1971:i:151:p:233-52 is not listed on IDEAS
    2. Arrow, Kenneth J, 1974. "Limited Knowledge and Economic Analysis," American Economic Review, American Economic Association, vol. 64(1), pages 1-10, March.
    3. Jean-Michel Grandmont & Yves Younes, 1973. "On the Efficiency of a Monetary Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(2), pages 149-165.
    4. Jean-Michel Grandmont, 1974. "On the Short-Run Equilibrium in a Monetary Economy," International Economic Association Series, in: Jacques H. Drèze (ed.), Allocation under Uncertainty: Equilibrium and Optimality, chapter 12, pages 213-228, Palgrave Macmillan.
    5. Grandmont, Jean-Michel & Laroque, Guy, 1973. "Money in the pure consumption loan model," Journal of Economic Theory, Elsevier, vol. 6(4), pages 382-395, August.
    6. Ostroy, Joseph M & Starr, Ross M, 1974. "Money and the Decentralization of Exchange," Econometrica, Econometric Society, vol. 42(6), pages 1093-1113, November.
    7. Paul A. Samuelson, 1968. "What Classical and Neoclassical Monetary Theory Really was," Canadian Journal of Economics, Canadian Economics Association, vol. 1(1), pages 1-15, February.
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    9. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    10. repec:bla:econom:v:40:y:1973:i:160:p:432-41 is not listed on IDEAS
    11. Bewley, Truman, 1977. "The permanent income hypothesis: A theoretical formulation," Journal of Economic Theory, Elsevier, vol. 16(2), pages 252-292, December.
    12. Brock, William A., 1975. "A simple perfect foresight monetary model," Journal of Monetary Economics, Elsevier, vol. 1(2), pages 133-150, April.
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    14. Niehans, Jurg, 1971. "Money and Barter in General Equilibrium with Transaction Costs," American Economic Review, American Economic Association, vol. 61(5), pages 773-783, December.
    15. James Tobin, 1968. "Notes on Optimal Monetary Growth," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 833-833.
    16. Calvo, Guillermo A, 1979. "On Models of Money and Perfect Foresight," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(1), pages 83-103, February.
    17. Jones, Robert A, 1976. "The Origin and Development of Media of Exchange," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 757-775, August.
    18. Starr, Ross M, 1974. "The Price of Money in a Pure Exchange Monetary Economy with Taxation," Econometrica, Econometric Society, vol. 42(1), pages 45-54, January.
    19. Ross M. Starr, 1972. "The Structure of Exchange in Barter and Monetary Economies," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(2), pages 290-302.
    20. Miguel Sidrauski, 1967. "Inflation and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 75(6), pages 796-796.
    21. Ostroy, Joseph M, 1973. "The Informational Efficiency of Monetary Exchange," American Economic Review, American Economic Association, vol. 63(4), pages 597-610, September.
    22. Tsiang, S C, 1969. "A Critical Note on the Optimum Supply of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(2), pages 266-280, May.
    23. Kurz, Mordecai, 1974. "Equilibrium with transaction cost and money in a single market exchange economy," Journal of Economic Theory, Elsevier, vol. 7(4), pages 418-452, April.
    24. Bryce Hool, 1976. "Money, Expectations and the Existence of a Temporary Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(3), pages 439-445.
    25. Johnson, Harry G, 1970. "Is There an Optimal Money Supply?," Journal of Finance, American Finance Association, vol. 25(2), pages 435-442, May.
    26. Duncan K. Foley & Martin F. Hellwig, 1975. "Asset Management with Trading Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(3), pages 327-346.
    27. Jean-Michel Grandmont & Yves Younes, 1972. "On the Role of Money and the Existence of a Monetary Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(3), pages 355-372.
    28. Frank Hahn, 1973. "On Transaction Costs, Inessential Sequence Economies and Money," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 449-461.
    29. Hahn, F H, 1971. "Equilibrium with Transaction Costs," Econometrica, Econometric Society, vol. 39(3), pages 417-439, May.
    30. Paul A. Samuelson, 1969. "Nonoptimality of Money Holding under Laissez Faire," Canadian Journal of Economics, Canadian Economics Association, vol. 2(2), pages 303-308, May.
    31. Grandmont, Jean-Michel, 1993. "Temporary general equilibrium theory," Handbook of Mathematical Economics, in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 4, volume 2, chapter 19, pages 879-922, Elsevier.
    32. Alvin L. Marty, 1968. "The Optimal Rate of Growth of Money," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 860-860.
    33. repec:bla:econom:v:38:y:1971:i:149:p:61-80 is not listed on IDEAS
    34. Schechtman, Jack, 1976. "An income fluctuation problem," Journal of Economic Theory, Elsevier, vol. 12(2), pages 218-241, April.
    35. Saving, Thomas R, 1971. "Transactions Costs and the Demand for Money," American Economic Review, American Economic Association, vol. 61(3), pages 407-420, June.
    36. Walter Perrin Heller & Ross M. Starr, 1976. "Equilibrium with Non-convex Transactions Costs: Monetary and Non-monetary Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(2), pages 195-215.
    37. Brock, William A, 1974. "Money and Growth: The Case of Long Run Perfect Foresight," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(3), pages 750-777, October.
    38. Martin Shubik, 1978. "The Capital Stock Modified Competitive Equilibrium," Cowles Foundation Discussion Papers 507, Cowles Foundation for Research in Economics, Yale University.
    39. E. C. Hope, 1953. "Discussion," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 2(1), pages 86-88, March.
    40. Edgar L. Feige & M. Parkin & R Avery & C. Stones, 2005. "The Roles Of Money In An Economy And The Optimum Quantity Of Money," Macroeconomics 0501035, University Library of Munich, Germany.
    41. Cass, David & Okuno, Masahiro & Zilcha, Itzhak, 1979. "The role of money in supporting the pareto optimality of competitive equilibrium in consumption-loan type models," Journal of Economic Theory, Elsevier, vol. 20(1), pages 41-80, February.
    42. Feige, Edgar L & Parkin, Michael, 1971. "The Optimal Quantity of Money, Bonds, Commodity Inventories, and Capital," American Economic Review, American Economic Association, vol. 61(3), pages 335-349, June.
    43. Stein, Jerome L, 1970. "Monetary Growth Theory in Perspective," American Economic Review, American Economic Association, vol. 60(1), pages 85-106, March.
    44. Brunner, Karl & Meltzer, Allan H, 1971. "The Uses of Money: Money in the Theory of an Exchange Economy," American Economic Review, American Economic Association, vol. 61(5), pages 784-805, December.
    45. Clower, Robert W & Howitt, Peter W, 1978. "The Transactions Theory of the Demand for Money: A Reconsideration," Journal of Political Economy, University of Chicago Press, vol. 86(3), pages 449-466, June.
    46. repec:bla:econom:v:40:y:1973:i:160:p:416-31 is not listed on IDEAS
    47. Niehans, Jurg, 1969. "Money in a Static Theory of Optimal Payment Arrangements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(4), pages 706-726, November.
    48. David Starrett, 1973. "Inefficiency and the Demand for "Money" in a Sequence Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 437-448.
    49. Niehans, Jurg, 1975. "Interest and Credit in General Equilibrium with Transactions Costs," American Economic Review, American Economic Association, vol. 65(4), pages 548-566, September.
    50. Robert W. Clower, 1968. "Comment: The Optimal Growth Rate of Money," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 876-876.
    51. Sontheimer, Kevin, 1972. "On the Determination of Money Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(3), pages 489-508, August.
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