Monetary policy with asset-backed money

DOI10.1016/J.JET.2015.08.006MaRDI QIDQ282157zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

asset-backed moneylimited commitmentoptimal monetary policy

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(5)

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

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