A Model of Money and Credit, with Application to the Credit Card Debt Puzzle

DOI10.1111/J.1467-937X.2008.00487.XMaRDI QIDQ3502159zbMATH OpenOpenAlexFDO

Authors Irina A. Telyukova, Randall Wright

Publication date 22 May 2008

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/j.1467-937x.2008.00487.x

Mathematics Subject Classification ID

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

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• Optimal monetary interventions in credit markets
• The (un-)importance of Chapter 7 wealth exemption levels
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• Limited monitoring and the essentiality of money
• Money and credit as means of payment: a new monetarist approach
• Financial frictions, the housing market, and unemployment
• Corporate cash holdings and credit line usage
• Measuring high-frequency income risk from low-frequency data
• Credit Card Debt Puzzles and Debt Revolvers for Self Control*
• Household need for liquidity and the credit card debt puzzle
• Money and Credit Redux
• Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
• A dynamic model of unsecured credit
• Racial unemployment gaps and the disparate impact of the inflation tax in a new monetarist model
• A model of debit card as a means of payment

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