Optimal monetary interventions in credit markets

DOI10.1016/j.jet.2018.10.005zbMath1417.91371OpenAlexW2171133743MaRDI QIDQ1622461

Luis Araujo, Tai-Wei Hu

Publication date: 19 November 2018

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

Full work available at URL: https://research-information.bris.ac.uk/ws/files/170743481/CMI_9_12_2018_H.pdf

zbMATH Keywords

creditinflationmechanism designmoneylimited commitmentoptimal monetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Other game-theoretic models (91A40)

Related Items (3)

Co-essentiality of money and credit: a mechanism-design view ⋮ Indeterminacy in credit economies ⋮ Fiat money as a public signal, medium of exchange, and punishment

Cites Work

• Money and credit as means of payment: a new monetarist approach
• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy
• Collateral secured loans in a monetary economy
• Essential interest-bearing money
• Money and credit with limited commitment and theft
• Money, credit and banking
• Indeterminacy in credit economies
• Liquidity and Trading Dynamics
• A Model of Money and Credit, with Application to the Credit Card Debt Puzzle
• Debt Constrained Asset Markets
• Money and Credit Redux
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Optimal money creation in “pure currency” economies: a conjecture *

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