On the coexistence of money and higher-return assets and its social role
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Hu, Tai-Wei & Rocheteau, Guillaume, 2013. "On the coexistence of money and higher-return assets and its social role," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2520-2560.
References listed on IDEAS
- O. Cavalcanti, Ricardo de & Erosa, Andrés, 2008.
"Efficient propagation of shocks and the optimal return on money,"
Journal of Economic Theory, Elsevier, vol. 142(1), pages 128-148, September.
- Ricardo Cavalcanti & Andres Erosa, 2006. "Efficient Propagation of Shocks and the Optimal Return of Money," 2006 Meeting Papers 738, Society for Economic Dynamics.
- Kocherlakota, Narayana R., 2003.
"Societal benefits of illiquid bonds,"
Journal of Economic Theory, Elsevier, vol. 108(2), pages 179-193, February.
- Narayana Kocherlakota, 2003. "Societal Benefits of Illiquid Bonds," Levine's Working Paper Archive 506439000000000300, David K. Levine.
- Deviatov Alexei, 2006.
"Money Creation in a Random Matching Model,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 6(3), pages 1-20, December.
- Alexei Deviatov, 2004. "Money creation in a random matching model," Money Macro and Finance (MMF) Research Group Conference 2003 24, Money Macro and Finance Research Group.
- Alexei Deviatov, 2006. "Money Creation in a Random Matching Model," Working Papers w0081, Center for Economic and Financial Research (CEFIR).
- Alexei Deviatov, 2006. "Money Creation in a Random Matching Model," Working Papers w0081, New Economic School (NES).
- Shi, Shouyong, 2008.
"Efficiency improvement from restricting the liquidity of nominal bonds,"
Journal of Monetary Economics, Elsevier, vol. 55(6), pages 1025-1037, September.
- Shouyong Shi, 2008. "Efficiency Improvement from Restricting the Liquidity of Nominal Bonds," Working Papers tecipa-329, University of Toronto, Department of Economics.
- Tai-wei Hu & John Kennan & Neil Wallace, 2009.
"Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model,"
Journal of Political Economy, University of Chicago Press, vol. 117(1), pages 116-137, February.
- Tai-wei Hu & John Kennan & Neil Wallace, 2007. "Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model," NBER Working Papers 13310, National Bureau of Economic Research, Inc.
- Ricardo Lagos & Randall Wright, 2005.
"A Unified Framework for Monetary Theory and Policy Analysis,"
Journal of Political Economy, University of Chicago Press, vol. 113(3), pages 463-484, June.
- Ricardo Lagos & Randall Wright, 2002. "A unified framework for monetary theory and policy analysis," Working Papers (Old Series) 0211, Federal Reserve Bank of Cleveland.
- Ricardo Lagos & Randall Wright, 2004. "A unified framework for monetary theory and policy analysis," Staff Report 346, Federal Reserve Bank of Minneapolis.
- Andolfatto, David, 2010.
"Essential interest-bearing money,"
Journal of Economic Theory, Elsevier, vol. 145(4), pages 1495-1507, July.
- Andolfatto, David, 2007. "Essential Interest-Bearing Money," MPRA Paper 4780, University Library of Munich, Germany.
- David Andolfatto, 2009. "Essential interest-bearing money," Working Papers 2009-044, Federal Reserve Bank of St. Louis.
- David Andolfatto, 2008. "Essential Interest-Bearing Money," EIEF Working Papers Series 0802, Einaudi Institute for Economics and Finance (EIEF), revised Oct 2008.
- Wallace, Neil, 2010. "The Mechanism-Design Approach to Monetary Theory," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 1, pages 3-23, Elsevier.
- Freeman, Scott, 1985. "Transactions Costs and the Optimal Quantity of Money," Journal of Political Economy, University of Chicago Press, vol. 93(1), pages 146-157, February.
- Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 927-954, August.
- Randall Wright & Cyril Monnet & Fabrizio Mattesini, 2009.
"Banking: a mechanism design approach,"
2009 Meeting Papers
635, Society for Economic Dynamics.
- Fabrizio Mattesini & Cyril Monnet & Randall Wright, 2009. "Banking: a mechanism design approach," Working Papers 09-26, Federal Reserve Bank of Philadelphia.
- Dimitri Vayanos & Pierre‐Olivier Weill, 2008.
"A Search‐Based Theory of the On‐the‐Run Phenomenon,"
Journal of Finance, American Finance Association, vol. 63(3), pages 1361-1398, June.
- Vayanos, Dimitri & Weill, Pierre-Olivier, 2005. "A search-based theory of the on-the-run phenomenon," LSE Research Online Documents on Economics 459, London School of Economics and Political Science, LSE Library.
- Vayanos, Dimitri & Weill, Pierre-Olivier, 2007. "A search-based theory of the on-the-run phenomenon," LSE Research Online Documents on Economics 24474, London School of Economics and Political Science, LSE Library.
- Pierre-Olivier Weill & Dimitri Vayanos, 2007. "A Search-Based Theory of the On-the-Run Phenomenon," FMG Discussion Papers dp577, Financial Markets Group.
- Vayanos, Dimitri & Weill, Pierre-Olivier, 2006. "A Search-Based Theory of the On-the-Run Phenomenon," CEPR Discussion Papers 5965, C.E.P.R. Discussion Papers.
- Pierre-Olivier Weill & Dimitri Vayanos, 2005. "A Search-Based Theory of the On-the-Run Phenomenon," 2005 Meeting Papers 701, Society for Economic Dynamics.
- Dimitri Vayanos & Pierre-Olivier Weill, 2006. "A Search-Based Theory of the On-the-Run Phenomenon," NBER Working Papers 12670, National Bureau of Economic Research, Inc.
- Mark Gertler & Antonella Trigari, 2009.
"Unemployment Fluctuations with Staggered Nash Wage Bargaining,"
Journal of Political Economy, University of Chicago Press, vol. 117(1), pages 38-86, February.
- Mark Gertler & Antonella Trigari, 2006. "Unemployment fluctuations with staggered Nash wage bargaining," Proceedings, Federal Reserve Bank of San Francisco.
- Mark Gertler & Antonella Trigari, 2006. "Unemployment Fluctuations With Staggered Nash Wage Bargaining," NBER Working Papers 12498, National Bureau of Economic Research, Inc.
- Mark Gertler & Antonella Trigari, 2006. "Unemployment Fluctuations with Staggered Nash Wage Bargaining," Computing in Economics and Finance 2006 525, Society for Computational Economics.
- Gertler, Mark & Trigari, Antonella, 2006. "Unemployment fluctuation with staggered Nash wage bargaining," CFS Working Paper Series 2007/09, Center for Financial Studies (CFS).
- Nosal, Ed & Rocheteau, Guillaume, 2013.
"Pairwise trade, asset prices, and monetary policy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 1-17.
- Guillaume Rocheteau & Ed Nosal, 2008. "Pairwise Trade, Asset Prices and Monetary Policy," 2008 Meeting Papers 774, Society for Economic Dynamics.
- Yiting Li & Guillaume Rocheteau & Pierre-Olivier Weill, 2012.
"Liquidity and the Threat of Fraudulent Assets,"
Journal of Political Economy, University of Chicago Press, vol. 120(5), pages 000.
- Yiting Li & Guillaume Rocheteau & Pierre-Olivier Weill, 2011. "Liquidity and the threat of fraudulent assets," Working Papers (Old Series) 1124, Federal Reserve Bank of Cleveland.
- Yiting Li & Guillaume Rocheteau & Pierre-Olivier Weill, 2011. "Liquidity and the Threat of Fraudulent Assets," NBER Working Papers 17500, National Bureau of Economic Research, Inc.
- Shi, Shouyong, 1999.
"Search, inflation and capital accumulation,"
Journal of Monetary Economics, Elsevier, vol. 44(1), pages 81-103, August.
- Shouyong Shi, 1998. "Search, Inflation, And Capital Accumulation," Working Paper 971, Economics Department, Queen's University.
- Rocheteau, Guillaume, 2012.
"The cost of inflation: A mechanism design approach,"
Journal of Economic Theory, Elsevier, vol. 147(3), pages 1261-1279.
- Guillaume Rocheteau, 2011. "The cost of inflation: a mechanism design approach," Working Papers (Old Series) 1103, Federal Reserve Bank of Cleveland.
- Robert Shimer, 2010. "Labor Markets and Business Cycles," Economics Books, Princeton University Press, edition 1, number 9217.
- Neil Wallace, 1998. "A dictum for monetary theory," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 22(Win), pages 20-26.
- Lagos, Ricardo, 2010.
"Asset prices and liquidity in an exchange economy,"
Journal of Monetary Economics, Elsevier, vol. 57(8), pages 913-930, November.
- Ricardo Lagos, 2005. "Asset Prices and Liquidity in an Exchange Economy," 2005 Meeting Papers 143, Society for Economic Dynamics.
- Ricardo Lagos, 2006. "Asset prices and liquidity in an exchange economy," Staff Report 373, Federal Reserve Bank of Minneapolis.
- Rao Aiyagari, S. & Wallace, Neil & Wright, Randall, 1996.
"Coexistence of money and interest-bearing securities,"
Journal of Monetary Economics, Elsevier, vol. 37(3), pages 397-419, June.
- S. Rao Aiyagari & Neil Wallace & Randall Wright, 1996. "Coexistence of money and interest-bearing securities," Working Papers 550, Federal Reserve Bank of Minneapolis.
- Wallace, Neil, 2001. "Whither Monetary Economics?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(4), pages 847-869, November.
- Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, December.
- Li, Yiting & Wright, Randall, 1998. "Government Transaction Policy, Media of Exchange, and Prices," Journal of Economic Theory, Elsevier, vol. 81(2), pages 290-313, August.
- Deviatov Alexei & Wallace Neil, 2001. "Another Example in which Lump-sum Money Creation is Beneficial," The B.E. Journal of Macroeconomics, De Gruyter, vol. 1(1), pages 1-22, February.
- Hu, Tai-Wei & Rocheteau, Guillaume, 2013.
"On the coexistence of money and higher-return assets and its social role,"
Journal of Economic Theory, Elsevier, vol. 148(6), pages 2520-2560.
- Guillaume Rocheteau, 2011. "On the coexistence of money and higher-return assets and its social role," Working Papers (Old Series) 1104, Federal Reserve Bank of Cleveland.
- Lagos, Ricardo & Rocheteau, Guillaume, 2008.
"Money and capital as competing media of exchange,"
Journal of Economic Theory, Elsevier, vol. 142(1), pages 247-258, September.
- Ricardo Lagos & Guillaume Rocheteau, 2004. "Money and capital as competing media of exchange," Staff Report 341, Federal Reserve Bank of Minneapolis.
- Ricardo Lagos & Guillaume Rocheteau, 2006. "Money and capital as competing media of exchange," Working Papers (Old Series) 0608, Federal Reserve Bank of Cleveland.
- Ricardo Cavalcanti & Ed Nosal, 2009.
"Some benefits of cyclical monetary policy,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(2), pages 195-216, May.
- Ed Nosal & Ricardo Cavalcanti, 2004. "Some benefits of cyclical monetary policy," 2004 Meeting Papers 159, Society for Economic Dynamics.
- Cavalcanti, Ricardo de Oliveira & Nosal, Ed, 2005. "Some benefits of cyclical monetary policy," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 603, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Ricardo de O. Cavalcanti & Ed Nosal, 2005. "Some benefits of cyclical monetary policy," Working Papers (Old Series) 0511, Federal Reserve Bank of Cleveland.
- Miguel Molico & Yahong Zhang, 2006. "Monetary Policy and the Distribution of Money and Capital," Computing in Economics and Finance 2006 136, Society for Computational Economics.
- Renero, Juan-Manuel, 1999. "Does and Should a Commodity Medium of Exchange Have Relatively Low Storage Costs?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(2), pages 251-264, May.
- Andolfatto, David, 2010.
"Essential interest-bearing money,"
Journal of Economic Theory, Elsevier, vol. 145(4), pages 1495-1507, July.
- Andolfatto, David, 2007. "Essential Interest-Bearing Money," MPRA Paper 4780, University Library of Munich, Germany.
- David Andolfatto, 2008. "Essential Interest-Bearing Money," EIEF Working Papers Series 0802, Einaudi Institute for Economics and Finance (EIEF), revised Oct 2008.
- David Andolfatto, 2009. "Essential interest-bearing money," Working Papers 2009-044, Federal Reserve Bank of St. Louis.
- David Andolfatto, 2007. "Essential Interest-Bearing Money," Discussion Papers dp07-16, Department of Economics, Simon Fraser University.
- S. Boragan Aruoba & Randall Wright, 2003.
"Search, money, and capital: a neoclassical dichotomy,"
Proceedings, Federal Reserve Bank of Cleveland, pages 1085-1117.
- S. Boragan Aruoba & Randall Wright, 2002. "Search, money and capital: a neoclassical dichotomy," Working Papers (Old Series) 0208, Federal Reserve Bank of Cleveland.
- Williamson, Stephen & Wright, Randall, 2010.
"New Monetarist Economics: Models,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 2, pages 25-96,
Elsevier.
- Stephen D. Williamson & Randall Wright, 2010. "New Monetarist Economics: models," Staff Report 443, Federal Reserve Bank of Minneapolis.
- Williamson, Stephen D. & Wright, Randall, 2010. "New Monetarist Economics: Models," MPRA Paper 21030, University Library of Munich, Germany.
- Aruoba, S. Boragan & Waller, Christopher J. & Wright, Randall, 2011.
"Money and capital,"
Journal of Monetary Economics, Elsevier, vol. 58(2), pages 98-116, March.
- S. Boragan Aruoba & Christopher J. Waller, 2005. "Money and Capital," 2005 Meeting Papers 550, Society for Economic Dynamics.
- S. Boragan Aruoba & Christopher J. Waller & Randall Wright, 2007. "Money and capital," Working Papers (Old Series) 0714, Federal Reserve Bank of Cleveland.
- ,, 2008.
"Equilibrium concepts in the large-household model,"
Theoretical Economics, Econometric Society, vol. 3(2), June.
- Zhu, Tao, 2007. "Equilibrium Concepts in the Large Household Model," MPRA Paper 7444, University Library of Munich, Germany.
- Zhu, Tao, 2007. "Equilibrium Concepts in the Large Household Model," Working Papers 07-01, Cornell University, Center for Analytic Economics.
- Rocheteau, Guillaume, 2011. "Payments and liquidity under adverse selection," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 191-205.
- Nosal, Ed & Rocheteau, Guillaume, 2011. "Money, Payments, and Liquidity," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262016281, December.
- Kocherlakota, Narayana R., 1998.
"Money Is Memory,"
Journal of Economic Theory, Elsevier, vol. 81(2), pages 232-251, August.
- Narayana R. Kocherlakota, 1996. "Money is memory," Staff Report 218, Federal Reserve Bank of Minneapolis.
- Ricardo de O. Cavalcanti & Neil Wallace, 1999.
"Inside and outside money as alternative media of exchange,"
Proceedings, Federal Reserve Bank of Cleveland, pages 443-468.
- Cavalcanti, Ricardo de O & Wallace, Neil, 1999. "Inside and Outside Money as Alternative Media of Exchange," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 31(3), pages 443-457, August.
- Ricardo Lagos, 2013. "Moneyspots: Extraneous Attributes and the Coexistence of Money and Interest-Bearing Nominal Bonds," Journal of Political Economy, University of Chicago Press, vol. 121(1), pages 127-185.
- Kocherlakota, Narayana & Wallace, Neil, 1998. "Incomplete Record-Keeping and Optimal Payment Arrangements," Journal of Economic Theory, Elsevier, vol. 81(2), pages 272-289, August.
- Koeppl, Thorsten & Monnet, Cyril & Temzelides, Ted, 2008.
"A dynamic model of settlement,"
Journal of Economic Theory, Elsevier, vol. 142(1), pages 233-246, September.
- Cyril Monnet & Ted Temzelides & Thorsten V. Koeppl, 2006. "A Dynamic Model Of Settlement," Working Paper 1053, Economics Department, Queen's University.
- Monnet, Cyril & Koeppl, Thorsten Volker & Temzelides, Ted, 2006. "A dynamic model of settlement," Working Paper Series 604, European Central Bank.
- Tai-Wei Hu, 2013. "Imperfect recognizability and coexistence of money and higher-return assets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(1), pages 111-138, May.
- Wallace, Neil, 2000. "A model of the liquidity structure based on asset indivisibility," Journal of Monetary Economics, Elsevier, vol. 45(1), pages 55-68, February.
- Athanasios Geromichalos & Juan M Licari & Jose Suarez-Lledo, 2007. "Monetary Policy and Asset Prices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 761-779, October.
- Shouyong Shi, 1997.
"A Divisible Search Model of Fiat Money,"
Econometrica, Econometric Society, vol. 65(1), pages 75-102, January.
- Shouyong Shi, 1996. "A Divisible Search Model of Fiat Money," Working Paper 930, Economics Department, Queen's University.
- Zhu, Tao & Wallace, Neil, 2007. "Pairwise trade and coexistence of money and higher-return assets," Journal of Economic Theory, Elsevier, vol. 133(1), pages 524-535, March.
- Benjamin Lester & Andrew Postlewaite & Randall Wright, 2012. "Information, Liquidity, Asset Prices, and Monetary Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(3), pages 1209-1238.
- Abhijit V. Banerjee & Eric S. Maskin, 1996. "A Walrasian Theory of Money and Barter," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(4), pages 955-1005.
- Ricardo J. Caballero, 2006. "On the Macroeconomics of Asset Shortages," NBER Working Papers 12753, National Bureau of Economic Research, Inc.
- Benjamin Lester & Andrew Postlewaite & Randall Wright, 2008. "Information, Liquidity and Asset Prices," PIER Working Paper Archive 08-039, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Hellwig, Martin F., 1993. "The challenge of monetary theory," European Economic Review, Elsevier, vol. 37(2-3), pages 215-242, April.
- Guillaume Rocheteau, 2009. "A monetary approach to asset liquidity," Working Papers (Old Series) 0901, Federal Reserve Bank of Cleveland.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhu, Tao & Wallace, Neil, 2020. "Fixed and Flexible Exchange-rates in Two Matching Models: Non-equivalence Results," MPRA Paper 102913, University Library of Munich, Germany.
- Han, Han, 2015. "Over-the-Counter Markets, Intermediation, and Monetary Policy," MPRA Paper 68709, University Library of Munich, Germany.
- Jonathan Chiu & Tsz-Nga Wong, 2015.
"On the Essentiality of E-Money,"
Staff Working Papers
15-43, Bank of Canada.
- Chiu, Jonathan & Wong, Tsz-Nga, 2016. "On the essentiality of E-money," Working Paper Series 19474, Victoria University of Wellington, School of Economics and Finance.
- Huber, Samuel & Kim, Jaehong, 2017.
"On the optimal quantity of liquid bonds,"
Journal of Economic Dynamics and Control, Elsevier, vol. 79(C), pages 184-200.
- Samuel Huber & Jaehong Kim, 2015. "On the optimal quantity of liquid bonds," ECON - Working Papers 193, Department of Economics - University of Zurich, revised Apr 2017.
- Zachary Bethune & Tai-Wei Hu & Guillaume Rocheteau, 2018.
"Optimal Credit Cycles,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 27, pages 231-245, January.
- Zachary Bethune & Tai-Wei Hu & Guillaume Rocheteau, 2017. "Online Appendix to "Optimal Credit Cycles"," Online Appendices 17-63, Review of Economic Dynamics.
- Hu, Tai-Wei & Rocheteau, Guillaume, 2013.
"On the coexistence of money and higher-return assets and its social role,"
Journal of Economic Theory, Elsevier, vol. 148(6), pages 2520-2560.
- Guillaume Rocheteau, 2011. "On the coexistence of money and higher-return assets and its social role," Working Papers (Old Series) 1104, Federal Reserve Bank of Cleveland.
- Todd Keister & Daniel Sanches, 2023.
"Should Central Banks Issue Digital Currency?,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(1), pages 404-431.
- Todd Keister & Daniel R. Sanches, 2019. "Should Central Banks Issue Digital Currency?," Working Papers 19-26, Federal Reserve Bank of Philadelphia.
- Todd Keister & Daniel R. Sanches, 2021. "Should Central Banks Issue Digital Currency?," Working Papers 21-37, Federal Reserve Bank of Philadelphia.
- Jung, Kuk Mo & Lee, Seungduck, 2015. "A Liquidity-Based Resolution of the Uncovered Interest Parity Puzzle," MPRA Paper 64164, University Library of Munich, Germany.
- Maciejczak, Mariusz, 2015. "Will the institution of coexistence be re-defined by TTIP?," GMCC-15: Seventh GMCC, November 17-20, 2015, Amsterdam, the Netherlands 211478, International Conference on Coexistence between Genetically Modified (GM) and non-GM based Agricultural Supply Chains (GMCC).
- Seungduck Lee & Kuk Mo Jung, 2019. "A Liquidity-Based Resolution of the Uncovered Interest Parity Puzzle," Working Papers 1902, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
- Seungduck Lee & Kuk Mo Jung, 2020. "A Liquidity‐Based Resolution of the Uncovered Interest Parity Puzzle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(6), pages 1397-1433, September.
- Francesca Carapella & Stephen Williamson, 2015.
"Credit Markets, Limited Commitment, and Government Debt,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(3), pages 963-990.
- Stephen Williamson & Francesca Carapella, 2012. "Credit Markets, Limited Commitment, and Government Debt," 2012 Meeting Papers 226, Society for Economic Dynamics.
- Francesca Carapella & Stephen D. Williamson, 2014. "Credit markets, limited commitment, and government debt," Working Papers 2014-10, Federal Reserve Bank of St. Louis.
- Krishna, R. Vijay & Leukhina, Oksana, 2019.
"On the benefits of currency reform,"
Journal of Economic Dynamics and Control, Elsevier, vol. 102(C), pages 81-95.
- R. Vijay Krishna & Oksana Leukhina, 2018. "On the Benefits of Currency Reform," Working Papers 2018-21, Federal Reserve Bank of St. Louis.
- Jimin Shim & Joonho Moon & Won Seok Lee & Namho Chung, 2021. "The Impact of CSR on Corporate Value of Restaurant Businesses Using Triple Bottom Line Theory," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
- van Buggenum, Hugo & Rabinovich, Stanislav, 2023. "Co-essentiality of money and credit: A mechanism-design view," Journal of Economic Theory, Elsevier, vol. 213(C).
- Rojas Breu, Mariana, 2017.
"Debt enforcement and the value of money,"
Journal of Economic Theory, Elsevier, vol. 168(C), pages 237-251.
- Mariana Rojas Breu, 2017. "Debt enforcement and the value of money," Post-Print hal-01625581, HAL.
- Seon Tae Kim & Alessandro Marchesiani, 2020. "Market Intelligence Gathering and Money Demand," Working Papers 202004, University of Liverpool, Department of Economics.
- Geromichalos, Athanasios & Herrenbrueck, Lucas M. & Salyer, Kevin D., 2016.
"A search-theoretic model of the term premium,"
Theoretical Economics, Econometric Society, vol. 11(3), September.
- Kevin Salyer & Athanasios Geromichalos & Lucas Herrenbrueck, 2013. "A Search-Theoretic Model of the Term Premium," Working Papers 300, University of California, Davis, Department of Economics.
- Jonathan Chiu & Tsz-Nga Wong, 2015.
"On the Essentiality of E-Money,"
Staff Working Papers
15-43, Bank of Canada.
- Chiu, Jonathan & Wong, Tsz-Nga, 2016. "On the essentiality of E-money," Working Paper Series 5205, Victoria University of Wellington, School of Economics and Finance.
- Zhixiu Yu, 2023.
"On the Coexistence of Cryptocurrency and Fiat Money,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 147-180, July.
- Zhixiu Yu, 2022. "Code and data files for "On the Coexistence of Cryptocurrency and Fiat Money"," Computer Codes 21-316, Review of Economic Dynamics.
- Luis Araujo & Leo Ferraris, 2019. "The Societal Benefits of Money and Interest Bearing Debt," CEIS Research Paper 453, Tor Vergata University, CEIS, revised 19 Feb 2019.
- Hiraguchi Ryoji, 2017. "Optimal Monetary Policy in an Overlapping Generations Model with Search Theoretic Monetary Exchange," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 17(2), pages 1-14, June.
- Tai‐Wei Hu & Guillaume Rocheteau, 2015. "Monetary Policy and Asset Prices: A Mechanism Design Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(S2), pages 39-76, June.
- Tai-Wei Hu & Guillaume Rocheteau & Lucie Lebeau & Younghwan In, 2018. "Gradual Bargaining in Decentralized Asset Markets," 2018 Meeting Papers 606, Society for Economic Dynamics.
- Hu, Tai-Wei, 2021. "Optimal monetary policy with interest on reserves and capital over-accumulation," Journal of Economic Theory, Elsevier, vol. 196(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Williamson, Stephen & Wright, Randall, 2010.
"New Monetarist Economics: Models,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 2, pages 25-96,
Elsevier.
- Stephen D. Williamson & Randall Wright, 2010. "New Monetarist Economics: models," Staff Report 443, Federal Reserve Bank of Minneapolis.
- Williamson, Stephen D. & Wright, Randall, 2010. "New Monetarist Economics: Models," MPRA Paper 21030, University Library of Munich, Germany.
- Stephen D. Williamson & Randall Wright, 2010.
"New monetarist economics: methods,"
Review, Federal Reserve Bank of St. Louis, vol. 92(May), pages 265-302.
- Williamson, Stephen D. & Wright, Randall, 2010. "New Monetarist Economics: Methods," MPRA Paper 21486, University Library of Munich, Germany.
- Stephen D. Williamson & Randall Wright, 2010. "New Monetarist Economics: methods," Staff Report 442, Federal Reserve Bank of Minneapolis.
- Rocheteau, Guillaume, 2012.
"The cost of inflation: A mechanism design approach,"
Journal of Economic Theory, Elsevier, vol. 147(3), pages 1261-1279.
- Guillaume Rocheteau, 2011. "The cost of inflation: a mechanism design approach," Working Papers (Old Series) 1103, Federal Reserve Bank of Cleveland.
- Rocheteau, Guillaume & Wright, Randall & Xiaolin Xiao, Sylvia, 2018.
"Open market operations,"
Journal of Monetary Economics, Elsevier, vol. 98(C), pages 114-128.
- Sylvia Xiao & Randall Wright & Guillaume Rocheteau, 2017. "Open Market Operations," 2017 Meeting Papers 345, Society for Economic Dynamics.
- Huber, Samuel & Kim, Jaehong, 2017.
"On the optimal quantity of liquid bonds,"
Journal of Economic Dynamics and Control, Elsevier, vol. 79(C), pages 184-200.
- Samuel Huber & Jaehong Kim, 2015. "On the optimal quantity of liquid bonds," ECON - Working Papers 193, Department of Economics - University of Zurich, revised Apr 2017.
- Guillaume Rocheteau & Pierre‐Olivier Weill, 2011.
"Liquidity in Frictional Asset Markets,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s2), pages 261-282, October.
- Guillaume Rocheteau & Pierre-Olivier Weill, 2011. "Liquidity in Frictional Asset Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 261-282, October.
- Guillaume Rocheteau & Pierre-Olivier Weill, 2011. "Liquidity in frictional asset markets," Working Papers (Old Series) 1105, Federal Reserve Bank of Cleveland.
- Nosal, Ed & Rocheteau, Guillaume, 2013.
"Pairwise trade, asset prices, and monetary policy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 1-17.
- Guillaume Rocheteau & Ed Nosal, 2008. "Pairwise Trade, Asset Prices and Monetary Policy," 2008 Meeting Papers 774, Society for Economic Dynamics.
- Rocheteau, Guillaume & Wright, Randall, 2013.
"Liquidity and asset-market dynamics,"
Journal of Monetary Economics, Elsevier, vol. 60(2), pages 275-294.
- Guillaume Rocheteau & Randall Wright, 2010. "Liquidity and asset market dynamics," Working Papers (Old Series) 1016, Federal Reserve Bank of Cleveland.
- Randall Wright & Guillaume Rocheteau, 2011. "Liquidity and Asset Market Dynamics," 2011 Meeting Papers 103, Society for Economic Dynamics.
- Rojas Breu, Mariana, 2017.
"Debt enforcement and the value of money,"
Journal of Economic Theory, Elsevier, vol. 168(C), pages 237-251.
- Mariana Rojas Breu, 2017. "Debt enforcement and the value of money," Post-Print hal-01625581, HAL.
- Aruoba, S. Boragan & Waller, Christopher J. & Wright, Randall, 2011.
"Money and capital,"
Journal of Monetary Economics, Elsevier, vol. 58(2), pages 98-116, March.
- S. Boragan Aruoba & Christopher J. Waller, 2005. "Money and Capital," 2005 Meeting Papers 550, Society for Economic Dynamics.
- S. Boragan Aruoba & Christopher J. Waller & Randall Wright, 2007. "Money and capital," Working Papers (Old Series) 0714, Federal Reserve Bank of Cleveland.
- Trejos, Alberto & Wright, Randall, 2016.
"Search-based models of money and finance: An integrated approach,"
Journal of Economic Theory, Elsevier, vol. 164(C), pages 10-31.
- Alberto Trejos & Randall Wright, 2014. "Search-Based Models of Money and Finance: An Integrated Approach," Working Papers 709, Federal Reserve Bank of Minneapolis.
- Jonathan Chiu & Tsz-Nga Wong, 2015.
"On the Essentiality of E-Money,"
Staff Working Papers
15-43, Bank of Canada.
- Chiu, Jonathan & Wong, Tsz-Nga, 2016. "On the essentiality of E-money," Working Paper Series 5205, Victoria University of Wellington, School of Economics and Finance.
- Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics.
- Shouyong Shi, 2006.
"Viewpoint: A microfoundation of monetary economics,"
Canadian Journal of Economics, Canadian Economics Association, vol. 39(3), pages 643-688, August.
- Shouyong Shi, 2006. "Viewpoint: A microfoundation of monetary economics," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(3), pages 643-688, August.
- Tai-Wei Hu & Guillaume Rocheteau & Lucie Lebeau & Younghwan In, 2018. "Gradual Bargaining in Decentralized Asset Markets," 2018 Meeting Papers 606, Society for Economic Dynamics.
- Altermatt, Lukas & Iwasaki, Kohei & Wright, Randall, 2021. "Asset pricing in monetary economies," Journal of International Money and Finance, Elsevier, vol. 115(C).
- Guillaume Rocheteau, 2009. "A monetary approach to asset liquidity," Working Papers (Old Series) 0901, Federal Reserve Bank of Cleveland.
- Berentsen, Aleksander & Monnet, Cyril, 2008.
"Monetary policy in a channel system,"
Journal of Monetary Economics, Elsevier, vol. 55(6), pages 1067-1080, September.
- Aleksander Berentsen & Cyril Monet, 2006. "Monetary Policy in a Channel System," IEW - Working Papers 295, Institute for Empirical Research in Economics - University of Zurich.
- Aleksander Berentsen & Cyril Monnet, 2007. "Monetary Policy in a Channel System," CESifo Working Paper Series 1929, CESifo.
- Aleksander Berentsen & Cyril Monnet, 2008. "Monetary policy in a channel system," Working Papers 08-7, Federal Reserve Bank of Philadelphia.
- Tai‐Wei Hu & Guillaume Rocheteau, 2015. "Monetary Policy and Asset Prices: A Mechanism Design Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(S2), pages 39-76, June.
- Chao Gu & Fabrizio Mattesini & Randall Wright, 2016.
"Money and Credit Redux,"
Econometrica, Econometric Society, vol. 84, pages 1-32, January.
- Chao Gu & Fabrizio Mattesini & Randall Wright, 2015. "Money and Credit Redux," Working Papers 1508, Department of Economics, University of Missouri.
More about this item
Keywords
Monetary theory;JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2011-02-05 (Central Banking)
- NEP-DGE-2011-02-05 (Dynamic General Equilibrium)
- NEP-HPE-2011-02-05 (History and Philosophy of Economics)
- NEP-MON-2011-02-05 (Monetary Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedcwp:1104. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: 4D Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbclus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.