Some benefits of cyclical monetary policy

DOI10.1007/S00199-007-0329-1MaRDI QIDQ1006583zbMATH OpenOpenAlexFDO

Authors Ed Nosal, Ricardo De O. Cavalcanti

Publication date 25 March 2009

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10438/531

zbMATH Keywords

cyclical monetary policymechanism designmonetary circulationseasonal and trade cycles

Mathematics Subject Classification ID

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

Recommendations

• Optimal monetary policy with heterogeneous money holdings
• Money cycles
• SEASONALITY AND MONETARY POLICY
• Money, credit, and limited participation
• Essential interest-bearing money

Cites work

• A Divisible Search Model of Fiat Money
• A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
• Asset trading mechanisms and expansionary policy
• Borrowing Constraints and Aggregate Economic Activity

Cited in

(5)

• A new suggestion for simplifying the theory of money
• On the coexistence of money and higher-return assets and its social role
• Money cycles
• The cost of inflation: a mechanism design approach
• SEASONALITY AND MONETARY POLICY

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