Information, Liquidity, Asset Prices, and Monetary Policy
From MaRDI portal
Publication:4610547
DOI10.1093/restud/rds003zbMath1405.91453MaRDI QIDQ4610547
Benjamin Lester, Randall Wright, Andrew Postlewaite
Publication date: 23 January 2019
Published in: The Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/74595345b414dc544ece2170b8099105e1fffa95
91B64: Macroeconomic theory (monetary models, models of taxation)
Related Items
A tractable model of monetary exchange with ex post heterogeneity, Traditional and digital currencies in over-the-counter markets, Endogenous liquidity and volatility, Digital currency and privacy, Heterogeneous beliefs and trading inefficiencies, Money and credit as means of payment: a new monetarist approach, Financial frictions, the housing market, and unemployment, Monetary policy with asset-backed money, Over-the-counter trade and the value of assets as collateral, Asset liquidity and international portfolio choice, Trading dynamics in decentralized markets with adverse selection, Debt enforcement and the value of money, Collateral fluctuations in a monetary economy, A uniqueness proof for monetary steady state, Liquid bundles, On the optimal quantity of liquid bonds, Imperfect knowledge, liquidity and bubbles, Counterfeiting, screening and government policy, Dynamic directed random matching, Imperfect information transmission and adverse selection in asset markets, Undefeated equilibria of the Shi-Trejos-Wright model under adverse selection, Relationship finance, informed liquidity, and monetary policy, Adverse selection and costly information acquisition in asset markets, A model of secular migration from centralized to decentralized trade, Asset prices and standing facilities in a monetary economy, Money mining and price dynamics: the case of divisible currencies, Bargaining under liquidity constraints: unified strategic foundations of the Nash and Kalai solutions, Liquidity and private information in asset markets: to signal or not to signal, The perils of credit booms, Banking crises and liquidity in a monetary economy, Imperfect recognizability and coexistence of money and higher-return assets, Savings, asset scarcity, and monetary policy, On the coexistence of money and higher-return assets and its social role