Incomplete markets and the output-inflation tradeoff
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Publication:617345
DOI10.1007/S00199-009-0499-0zbMATH Open1203.91185OpenAlexW2011209138MaRDI QIDQ617345FDOQ617345
Authors: Yann Algan, Edouard Challe, Xavier Ragot
Publication date: 21 January 2011
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00199-009-0499-0
Recommendations
- Inflation-stabilization risk in economies with incomplete asset markets
- Optimality of Stationary Asset Equilibria Under A Stochastic Inflation Tax
- Inflation in open economies with complete markets
- Heterogeneity, decentralized trade, and the long-run real effects of inflation
- Asset Markets and Equilibrium Processes
Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24)
Cites Work
- Asset trading mechanisms and expansionary policy
- A rudimentary random-matching model with divisible money and prices
- Liquidity Constrained Markets Versus Debt Constrained Markets
- Borrowing Constraints and Aggregate Economic Activity
- A Difficulty with the Optimum Quantity of Money
- The welfare cost of inflation under imperfect insurance
Cited In (13)
- A Becker-Tomes model with investment risk
- Reallocation of production inputs in a monetary economy
- Elementary results on solutions to the Bellman equation of dynamic programming: existence, uniqueness, and convergence
- Nonneutrality of money in dispersion: Hume revisited
- Heterogeneity, decentralized trade, and the long-run real effects of inflation
- Optimal monetary policy with heterogeneous money holdings
- Bequests, estate taxes, and wealth distributions
- Incomplete markets and derivative assets
- The redistributive effects of inflation and the shape of money demand
- Filtration shrinkage, the structure of deflators, and failure of market completeness
- A tractable model of monetary exchange with ex post heterogeneity
- SOME INTRANATIONAL EVIDENCE ON OUTPUT-INFLATION TRADE-OFFS
- Inflation in open economies with complete markets
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