ALTERNATIVE MONETARY POLICIES IN A TURNPIKE ECONOMY

DOI10.1017/S1365100509990940zbMATH Open1219.91100OpenAlexW2116764167MaRDI QIDQ3089013FDOQ3089013

Authors: Rodolfo E. Manuelli, Thomas J. Sargent 

Publication date: 23 August 2011

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100509990940

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zbMATH Keywords

creditPareto optimalityFriedman ruleFiat money

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Heterogeneous agent models (91B69)

Cites Work

• Asset trading mechanisms and expansionary policy
• Money is memory
• Borrowing Constraints and Aggregate Economic Activity
• Efficient allocations with hidden income and hidden storage
• A Difficulty with the Optimum Quantity of Money
• Transaction costs and the use of cash and credit
• Money and Growth: The Case of Long Run Perfect Foresight
• Cohomology of elementary states in twistor conformal field theory

Cited In (8)

• A theory of optimal denominations for government liabilities
• Optimal monetary policy with heterogeneous money holdings
• The redistributive effects of inflation and the shape of money demand
• Optimal money creation in ``pure currency economies: a conjecture
• Limited participation, private money, and credit in a spatial model of money
• Limited participation, private money, and credit in a spatial model of money
• Money and insurance in a turnpike environment
• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy

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