Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax
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Publication:4345923
DOI10.1111/J.1467-9965.1992.TB00025.XzbMath0900.90047OpenAlexW2157674483MaRDI QIDQ4345923
Publication date: 31 August 1997
Published in: Mathematical Finance (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1111/j.1467-9965.1992.tb00025.x
overlapping generationsmonetary shocksinflation taxPareto optimal asset equilibriastrong inefficiencyweak inefficiency
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Cites Work
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- Capital asset pricing in an overlapping generations model
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- The overlapping-generations model. I: The case of pure exchange without money
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- Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
- The role of money in supporting the Pareto optimality of competitive equilibrium in consumption-loan type models
- Conditional Pareto optimality of stationary equilibrium in a stochastic overlapping generations model
- Inflation and Asset Prices in an Exchange Economy
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