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

consumptiondynamic programmingeconomic equilibrium and dynamicsinflation

Mathematics Subject Classification ID

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

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Cited in

(13)

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

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