On Models of Money and Perfect Foresight

DOI10.2307/2526417MaRDI QIDQ3863640zbMATH OpenOpenAlexFDO

Authors Guillermo A. Calva

Publication date 1979

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2526417

zbMATH Keywords

dynamic monetary economic modelinfinite horizonslocal uniquenessneoclassical production functionoptimal control problemoptimal solutionordinary differential equationsperfect foresight equilibriumrational expectation hypothesis

Mathematics Subject Classification ID

Optimality conditions for problems involving ordinary differential equations (49K15) Applications of mathematical programming (90C90) Economic growth models (91B62)

Cited in

(7)

• Stochastic dynamic models with stock-dependent rewards
• Optimum quantity of money instability
• Monetary policy and price level determinacy in a cash-in-advance economy
• Adjustment costs and indeterminacy in perfect foresight models
• The spirit of capitalism, social status, money, and accumulation.
• The effects of temporary exchange-rate-based stabilizations when money serves a productive role
• Adjustment costs, learning, and indeterminacy

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