Monetary policy with asset-backed money

DOI10.1016/J.JET.2015.08.006zbMATH Open1369.91131OpenAlexW3122925783MaRDI QIDQ282157FDOQ282157

Authors: David Andolfatto, Aleksander Berentsen, Christopher Waller 

Publication date: 12 May 2016

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

Full work available at URL: http://research.stlouisfed.org/wp/2013/2013-030.pdf

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zbMATH Keywords

asset-backed moneylimited commitmentoptimal monetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Asset trading mechanisms and expansionary policy
• On the coexistence of money and higher-return assets and its social role
• Information, liquidity, asset prices, and monetary policy
• Random matching and money in the neoclassical growth model: some analytical results
• Money and capital as competing media of exchange
• Essential interest-bearing money
• Money, credit and banking

Cited In (5)

• Monetary policy for a bubbly world
• Payment instruments and collateral in the interbank payment system
• Optimal monetary policy with interest on reserves and capital over-accumulation
• Frictional capital reallocation. I: Ex ante heterogeneity
• Implementing the best steady state with savings in unbacked risky assets

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