Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax

DOI10.1111/J.1467-9965.1992.TB00025.XzbMath0900.90047OpenAlexW2157674483MaRDI QIDQ4345923

Bernhard Eckwert

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

zbMATH Keywords

overlapping generationsmonetary shocksinflation taxPareto optimal asset equilibriastrong inefficiencyweak inefficiency

Mathematics Subject Classification ID

Related Items (2)

Intrinsic bubbles and asset price volatility ⋮ Price volatility and risk with non-separability of preferences

Cites Work

• Unnamed Item
• Stationary Pareto optimality of stochastic asset equilibria with overlapping generations
• Capital asset pricing in an overlapping generations model
• Optimal steady-state in stationary consumption-loan type models
• The overlapping-generations model. I: The case of pure exchange without money
• Informational diversity over time and optimality of monetary equilibria
• 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

This page was built for publication: Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax