Essential interest-bearing money

DOI10.1016/j.jet.2009.12.003zbMath1245.91058OpenAlexW3021601657MaRDI QIDQ981043

David Andolfatto

Publication date: 8 July 2010

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://research.stlouisfed.org/wp/2009/2009-044.pdf

zbMATH Keywords

moneyFriedman ruleinterestefficient implementationvoluntary tradeincentive-feasible policies

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites Work

• Money and credit with limited commitment and theft
• Money, credit and banking
• Societal benefits of illiquid bonds.
• Pairwise trade and coexistence of money and higher-return assets
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium