Asset-return anomalies in a monetary economy

DOI10.1016/0022-0531(87)90018-4MaRDI QIDQ1088569zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

monetary equilibriumgeneral equilibrium, choice theoretic, spatial model

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

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• scientific article; zbMATH DE number 3186512 (Why is no real title available?)
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• Equilibrium with Transaction Costs
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• Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models
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• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy
• On Transaction Costs, Inessential Sequence Economies and Money
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• Recursive Competitive Equilibrium: The Case of Homogeneous Households
• The overlapping-generations model. II. The case of pure exchange with money
• VALUATION EQUILIBRIUM AND PARETO OPTIMUM

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

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