Commodity money with frequent search

DOI10.1016/J.JET.2012.09.013MaRDI QIDQ694738zbMATH OpenOpenAlexFDO

Authors Ezra Oberfield, Nicholas Trachter

Publication date 13 December 2012

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

Full work available at URL http://www.chicagofed.org/digital_assets/publications/working_papers/2010/wp2010_22.pdf

zbMATH Keywords

multiple equilibriasearchcommodity moneysunspots

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

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Cites work

• A sunspot paradox
• Anonymous sequential games
• Coordinating Coordination Failures in Keynesian Models
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.
• Fiat money in the Kiyotaki-Wright model
• Indeterminacy and increasing returns
• Information and Timing in Repeated Partnerships
• More on money as a medium of exchange
• On the indeterminacy of capital accumulation paths

Cited in

(6)

• New leads in speculative behavior
• Stationarity without degeneracy in a model of commodity money
• More on money as a medium of exchange
• A dynamic analysis of Nash equilibria in search models with fiat money
• A new suggestion for simplifying the theory of money
• Money mining and price dynamics: the case of divisible currencies

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