Endogenous liquidity and volatility

DOI10.1016/J.JET.2023.105652zbMATH Open1520.91414OpenAlexW4362696644MaRDI QIDQ6166478FDOQ6166478

Authors:

Publication date: 6 July 2023

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2023.105652

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zbMATH Keywords

searchliquiditymoneyextrinsic uncertainty

Mathematics Subject Classification ID

Interest rates, asset pricing, etc. (stochastic models) (91G30)

Cites Work

• Indeterminacy and increasing returns
• A dynamic equilibrium model of search, bargaining, and money
• Indeterminacy in credit economies
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• General equilibrium with nonconvexities and money
• Decentralizing lottery allocations in markets with indivisible commodities
• Self-fulfilling prophecies
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• Bargaining under liquidity constraints: unified strategic foundations of the Nash and Kalai solutions
• Sunspots and Cycles
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• Stationary sunspot equilibria in an N commodity world
• A note on sunspot equilibria in search models of fiat money
• Title not available (Why is that?)
• On the threat of counterfeiting
• Frictional asset reallocation under adverse selection
• Inflation and unemployment in competitive search equilibrium
• Counterfeiting, screening and government policy
• A tractable model of monetary exchange with ex post heterogeneity
• Undefeated equilibria of the Shi-Trejos-Wright model under adverse selection
• Macroeconomic fluctuations and bargaining
• Money mining and price dynamics: the case of divisible currencies

Cited In (5)

• Preferences with taste shock representations: price volatility and the liquidity premium
• Money, banks and endogenous volatility
• Endogenous Liquidity and Defaultable Bonds
• ENDOGENOUS PROCYCLICAL LIQUIDITY, CAPITAL REALLOCATION, AND q
• Liquidity shocks and equilibrium liquidity premia.

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