Asset-return anomalies in a monetary economy

DOI10.1016/0022-0531(87)90018-4zbMATH Open0612.90011OpenAlexW2078008254MaRDI QIDQ1088569FDOQ1088569

Authors: Robert M. Townsend 

Publication date: 1987

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(87)90018-4

Recommendations

• Inflation and asset prices in a monetary economy
• HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY
• scientific article; zbMATH DE number 1281680
• Money and asset prices in a continuous-time Lucas and Stokey cash-in-advance economy
• Rational Asset Pricing Bubbles

zbMATH Keywords

monetary equilibriumgeneral equilibrium, choice theoretic, spatial model

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cites Work

• Bank Runs, Deposit Insurance, and Liquidity
• Bilateral Trading Processes, Pairwise Optimally, and Pareto Optimality
• Title not available (Why is that?)
• Title not available (Why is that?)
• An intertemporal asset pricing model with stochastic consumption and investment opportunities
• Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
• VALUATION EQUILIBRIUM AND PARETO OPTIMUM
• On the Existence of General Equilibrium for a Competitive Market
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy
• Recursive Competitive Equilibrium: The Case of Homogeneous Households
• Money and the Decentralization of Exchange
• The overlapping-generations model. II. The case of pure exchange with money
• On Transaction Costs, Inessential Sequence Economies and Money
• Equilibrium with Transaction Costs
• Money, Expectations and the Existence of a Temporary Equilibrium
• On the Role of Money and the Existence of a Monetary Equilibrium
• On the Efficiency of a Monetary Equilibrium
• Equilibrium in a Finite Sequence of Markets with Transaction Cost
• Equilibrium with Non-Convex Transactions Costs: Monetary and Non-Monetary Economies
• Expectations and Money in a Dynamic Exchange Model
• Optimal Spending and Money Holdings in the Presence of Liquidity Constraints

Cited In (5)

• Explaining international comovements of output and asset returns: The role of money and nominal rigidities.
• Money, capital, and redistributive effects of monetary policies
• Arbitrage pricing and the stochastic inflation tax in a multisector monetary economy
• On the positive fundamental value of money with short-sale constraints
• Hyperbolic efficiency and return to the dollar

This page was built for publication: Asset-return anomalies in a monetary economy

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1088569)