The overlapping-generations model. II. The case of pure exchange with money
From MaRDI portal
Publication:1169925
DOI10.1016/0022-0531(81)90067-3zbMath0495.90019OpenAlexW4247646573MaRDI QIDQ1169925
Publication date: 1981
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(81)90067-3
optimal monetary policiesoverlapping-generations modelboundedness conditionsmany commoditiesarbitrary government monetary policiesbounded set of equilibrium money pricespure exchange economy with moneytastes
Related Items
Asset-return anomalies in a monetary economy ⋮ Monetary equilibrium in an overlapping generations model with productive capital ⋮ Non-connectedness of the set of equilibrum money prices: The overlapping- generations economy ⋮ Family allowances as welfare improvements ⋮ Inactive transfer policies and efficiency in general overlapping- generations economies ⋮ On stationary 3-period overlapping generations models ⋮ On the existence of sunspot equilibria in an overlapping generations model ⋮ A note on the core of a monetary economy ⋮ On exchange rates and efficiency ⋮ Comparative dynamics in an overlapping-generations model: the effects of quasi-rational discrete choice on finding and maintaining Nash equilibrium ⋮ Intergenerational contracts and their decomposition ⋮ Nonshiftable capital, affine price expectations and convergence to the golden rule. ⋮ An overlapping generations model core equivalence theorem ⋮ Competitive equilibria and the core of overlapping generations economies ⋮ The overlapping-generations model. III. The case of log-linear utility functions ⋮ Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models ⋮ Characterizing efficiency in stochastic overlapping generations models ⋮ The connectedness of the set of equilibrium money prices depends on the choice of the numeraire ⋮ Existence of equilibrium in OLG economies with increasing returns ⋮ A characterization of Markov equilibrium in stochastic overlapping generations models ⋮ Walras' law and nonoptimal equilibria in overlapping generations models ⋮ Private and public circulating liabilities ⋮ Monetary stability and liquidity crises: The role of the lender of last resort ⋮ The household fallacy ⋮ Existence of a Pareto-optimal equilibrium in nearly-stationary overlapping-generations economies ⋮ Introduction to a Festschrift for Karl Shell ⋮ Price level volatility: A simple model of money taxes and sunspots ⋮ Determinate perfect foresight forecasting in overlapping generations models ⋮ Money taxes and efficiency when sunspots matter ⋮ Active intermediation in a monetary overlapping generations economy ⋮ A monetarist model of inflation ⋮ Market structure and competitive equilibrium in dynamic economic models ⋮ Arc-connectedness of the set of efficient allocations in overlapping- generations economies ⋮ On learning and rational expectations in an overlapping generations model ⋮ The economic effects of restrictions on government budget deficits ⋮ A benchmark for comparative dynamics and determinacy in overlapping- generations economies ⋮ Dynamic efficiency in overlapping generations models with stochastic production
Cites Work
- Unnamed Item
- Unnamed Item
- Unnamed Item
- Budget-constrained Pareto-efficient allocations
- The overlapping-generations model. I: The case of pure exchange without money
- Existence of competitive equilibrium in a general overlapping-generations model
- The overlapping-generations model. III. The case of log-linear utility functions
- The role of money in supporting the Pareto optimality of competitive equilibrium in consumption-loan type models
- Economic Equilibrium and Catastrophe Theory: An Introduction
