Private information, money, and growth: Indeterminacy, fluctuations, and the Mundell-Tobin effect (Q5927670)
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scientific article; zbMATH DE number 1580068
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Private information, money, and growth: Indeterminacy, fluctuations, and the Mundell-Tobin effect |
scientific article; zbMATH DE number 1580068 |
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Private information, money, and growth: Indeterminacy, fluctuations, and the Mundell-Tobin effect (English)
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13 May 2001
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This paper presents an overlapping generation model of a monetary economy with asymmetric information. In this setting, an increase in the rate of growth of money increases the output if the initial inflation rate is low, but decreases it if, initially, the rate of inflation is high.
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asymmetric information
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Lucas model
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