Inflationary equilibrium in a stochastic economy with independent agents

DOI10.1016/J.JMATECO.2014.02.008MaRDI QIDQ2452207zbMATH OpenOpenAlexFDO

Authors John D. Geanakoplos, Ioannis Karatzas, Martin Shubik, William D. Sudderth

Publication date 2 June 2014

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://cowles.yale.edu/sites/default/files/files/pub/d17/d1708.pdf

zbMATH Keywords

dynamic programminginflationconsumptioneconomic equilibrium and dynamics

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic programming (90C39)

Recommendations

• Stabilizing inflation in a simple monetary policy model with heterogeneous agents
• Equilibrium prices in a random exchange economy with dependent agents
• scientific article; zbMATH DE number 16920
• Efficiency and determinacy of equilibrium under inflation targeting
• Inflation and relaxation to equilibrium in a complex economic system
• Consistent expectations equilibria in Markov regime switching models and inflation dynamics
• scientific article; zbMATH DE number 4174628
• Competitive equilibrium hyperinflation under rational expectations
• scientific article; zbMATH DE number 4051296
• Indeterminacy in a monetary economy with heterogeneous agents

Cites work

• scientific article; zbMATH DE number 3126094 (Why is no real title available?)
• scientific article; zbMATH DE number 4051296 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• scientific article; zbMATH DE number 1351867 (Why is no real title available?)
• scientific article; zbMATH DE number 3216771 (Why is no real title available?)
• A strategic market game with active bankruptcy
• A strategic market game with secured lending
• An expository note on individual risk without aggregate uncertainty
• Construction of Stationary Markov Equilibria in a Strategic Market Game
• Convergence of Dynamic Programming Models
• International Lending and Borrowing in a Stochastic, Stationary Equilibrium
• On optimal policies and martingales in dynamic programming
• Random earnings differences, lifetime liquidity constraints, and altruistic intergenerational transfers
• Recursive equilibria in an Aiyagari-style economy with permanent income shocks
• Stochastic optimal control. The discrete time case
• The inflationary bias of real uncertainty and the harmonic Fisher equation
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Two characterizations of optimality in dynamic programming

Cited in

(11)

• Anchoring expectations of inflation
• Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model
• Stabilizing inflation in a simple monetary policy model with heterogeneous agents
• Global stability of inflation target policies with adaptive agents
• STEADY-STATE REAL EFFECTS OF INFLATION IN A HECKSCHER–OHLIN CASH-IN-ADVANCE MODEL
• Stochastic graphon games. II: The linear-quadratic case
• Inflation, Self Insurance and the Friedman Rule in Economies with Uninsurable Idiosyncratic Risks
• Stochastic games
• The Optimum Quantity of Money in a Stochastic Economy
• A monetarist model of inflation
• Strategic market games with cyclic endowments

This page was built for publication: Inflationary equilibrium in a stochastic economy with independent agents

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2452207)