A microfounded approach to currency substitution and government policy

DOI10.1016/J.JET.2024.105847MaRDI QIDQ6564059zbMATH OpenFDO

Authors Florian Madison

Publication date 28 June 2024

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

zbMATH Keywords

limited commitmentmonetary policyMarkov-perfect equilibriumfiscal policycurrency substitution

Mathematics Subject Classification ID

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

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Cites work

• A Walrasian Theory of Money and Barter
• Currency Exchange in a Random Search Model
• Currency restrictions, government transaction policies and currency exchange
• GOVERNMENT POLICY IN MONETARY ECONOMIES*
• Government transaction policy, media of exchange, and prices
• Government transaction policy, the medium of exchange, and welfare
• Information, liquidity, asset prices, and monetary policy
• Markov perfect equilibrium. I: Observable actions
• Money and Information
• Money is memory
• Optimal fiscal and monetary policy when money is essential
• Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
• Pairwise trade and coexistence of money and higher-return assets
• Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons
• The Time Consistency of Optimal Monetary and Fiscal Policies
• Time-Consistent Public Policy
• Toward a Theory of International Currency

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