Monetary mechanisms

DOI10.1016/J.JET.2016.02.011zbMATH Open1369.91134OpenAlexW4242631846MaRDI QIDQ281384FDOQ281384

Authors: Chao Gu, Randall Wright 

Publication date: 11 May 2016

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

Full work available at URL: https://doi.org/10.1016/j.jet.2016.02.011

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zbMATH Keywords

creditbargainingliquiditymechanismsmoney

Mathematics Subject Classification ID

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

Cites Work

• Perfect Equilibrium in a Bargaining Model
• Debt Constrained Asset Markets
• Limit theorems for markets with sequential bargaining
• Money is memory
• A dynamic equilibrium model of search, bargaining, and money
• Bargaining in a non-stationary environment.
• A monetary theory with non-degenerate distributions
• Money and Credit Redux
• Optimal money creation in ``pure currency economies: a conjecture
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Directed Matching and Monetary Exchange
• A uniqueness proof for monetary steady state
• Optimal monetary policy with heterogeneous money holdings
• Money and capital as competing media of exchange
• General equilibrium with nonconvexities and money

Cited In (18)

• On the optimality of monetary trading
• Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model
• Orderly Currencies
• Money and credit as means of payment: a new monetarist approach
• Money as minimal complexity
• An axiomatic characterization of the price-money message mechanism for economies with satiation
• Co-essentiality of money and credit: a mechanism-design view
• Search for a monetary propagation mechanism
• Graphical exchange mechanisms
• Currency and Credit are Equivalent Mechanisms
• A new suggestion for simplifying the theory of money
• Equilibrium using credit or money with indivisible goods
• Credibility of central banks in monetary economies
• On the coexistence of money and higher-return assets and its social role
• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy
• Bargaining under liquidity constraints: unified strategic foundations of the Nash and Kalai solutions
• Middlemen in search equilibrium with intensive and extensive margins
• From monetary to nonmonetary mechanism design via artificial currencies

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