The cost of inflation: a mechanism design approach
From MaRDI portal
Publication:417633
DOI10.1016/j.jet.2012.01.016zbMath1258.91092OpenAlexW3122010399MaRDI QIDQ417633
Publication date: 14 May 2012
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://www.clevelandfed.org/en/Newsroom%20and%20Events/Publications/Working%20Papers/~/media/E6134878427E4FEEB7F1DF6FCA25698A.ashx
Macroeconomic theory (monetary models, models of taxation) (91B64) Auctions, bargaining, bidding and selling, and other market models (91B26) Statistical methods; economic indices and measures (91B82)
Related Items (6)
Monetary exchange and the irreducible cost of inflation ⋮ Inflation tax in the lab: a theoretical and experimental study of competitive search equilibrium with inflation ⋮ Co-essentiality of money and credit: a mechanism-design view ⋮ On the coexistence of money and higher-return assets and its social role ⋮ Money and price posting under private information ⋮ Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy
Cites Work
- Search, money, and inflation under private information
- Efficient propagation of shocks and the optimal return on money
- A dynamic model of settlement
- Essential interest-bearing money
- Some benefits of cyclical monetary policy
- Money is memory
- Incomplete record-keeping and optimal payment arrangements
- Optimal fiscal and monetary policy when money is essential
- Inflation and Welfare
- A Divisible Search Model of Fiat Money
This page was built for publication: The cost of inflation: a mechanism design approach