Dynamic Monetary Equilibrium in a Random Matching Economy

DOI10.1111/1468-0262.00315zbMath1121.91391OpenAlexW2102033746MaRDI QIDQ5474984

Ruilin Zhou, Edward J. Green

Publication date: 16 June 2006

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: http://www.chicagofed.org/digital_assets/publications/working_papers/2000/wp2000-01.pdf

Mathematics Subject Classification ID

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

Related Items (18)

A random matching theory ⋮ On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright ⋮ Real indeterminacy of stationary equilibria in matching models with divisible money ⋮ Does commodity money eliminate the indeterminacy of equilibrium? ⋮ The exact law of large numbers for independent random matching ⋮ Independent random matching ⋮ Dynamic directed random matching ⋮ Existence of a monetary steady state in a matching model: Indivisible money. ⋮ A tractable model of monetary exchange with ex post heterogeneity ⋮ Stationary monetary equilibria with strictly increasing value functions and non-discrete money holdings distributions: an indeterminacy result ⋮ The instability of some non-full-support steady states in a random matching model of money ⋮ Existence of independent random matching ⋮ On the observational equivalence of random matching ⋮ Some results on the optimality and implementation of the Friedman rule in the search theory of money ⋮ Monetary equilibrium and the differentiability of the value function ⋮ A model of debit card as a means of payment ⋮ Verifiability and group formation in markets ⋮ Trejos-Wright with a 2-unit bound: existence and stability of monetary steady states

This page was built for publication: Dynamic Monetary Equilibrium in a Random Matching Economy