A NOTE ON THE ROBUSTNESS OF THE TOBIN EFFECT IN INCOMPLETE MARKETS

DOI10.1017/S1365100506050036MaRDI QIDQ5489154zbMATH OpenFDO

Authors Makoto Saito, Yosuke Takeda

Publication date 25 September 2006

Published in Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

optimal monetary policyirreversible investmentincentive compatibility constraintTobin effect

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cites work

• Efficient allocations with hidden income and hidden storage
• Income fluctuation and asymmetric information: An example of a repeated principal-agent problem
• Liquidity Preference and Financial Intermediation
• Money and dynamic credit arrangements with private information
• Money and insurance in a turnpike environment
• Repeated principal-agent relationships with lending and borrowing

Cited in

(1)

• A note on time preference and the Tobin effect

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