Some benefits of cyclical monetary policy

DOI10.1007/S00199-007-0329-1zbMATH Open1156.91440OpenAlexW3124319418MaRDI QIDQ1006583FDOQ1006583

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

Recommendations

• Optimal monetary policy with heterogeneous money holdings
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zbMATH Keywords

mechanism designcyclical monetary policymonetary circulationseasonal and trade cycles

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (5)

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

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