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

DOI10.1017/S1365100506050036zbMATH Open1102.91039MaRDI QIDQ5489154FDOQ5489154

Authors: Makoto Saito, Yosuke Takeda 

Publication date: 25 September 2006

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

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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)

Cites Work

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

Cited In (1)

• A note on time preference and the Tobin effect

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