Existence of a monetary steady state in a matching model: Indivisible money.

DOI10.1016/S0022-0531(03)00132-7zbMath1137.91558OpenAlexW2054054644MaRDI QIDQ1414617

Tao Zhu

Publication date: 4 December 2003

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

Full work available at URL: https://doi.org/10.1016/s0022-0531(03)00132-7

zbMATH Keywords

Steady statesMatching modelExistence theoremIndivisible money

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Matching models (91B68)

Related Items

Pairwise trade and coexistence of money and higher-return assets ⋮ Heterogeneity, decentralized trade, and the long-run real effects of inflation ⋮ Existence of a monetary steady state in a matching model: divisible money ⋮ The instability of some non-full-support steady states in a random matching model of money ⋮ General equilibrium with nonconvexities and money ⋮ A commodity-money refinement in matching models ⋮ A model of debit card as a means of payment ⋮ Trejos-Wright with a 2-unit bound: existence and stability of monetary steady states

Cites Work

• Unnamed Item
• A rudimentary random-matching model with divisible money and prices
• Money and prices: A model of search and bargaining
• A Divisible Search Model of Fiat Money
• Dynamic Monetary Equilibrium in a Random Matching Economy

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