A uniqueness proof for monetary steady state

DOI10.1016/J.JET.2009.11.004zbMath1202.91174OpenAlexW2160098016MaRDI QIDQ848624

Randall Wright

Publication date: 4 March 2010

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

Full work available at URL: https://doi.org/10.1016/j.jet.2009.11.004

zbMATH Keywords

uniquenessmonetary equilibrium

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (11)

Monetary mechanisms ⋮ On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright ⋮ DEGREASING THE WHEELS OF FINANCE ⋮ Endogenous search, price dispersion, and welfare ⋮ Money and price posting under private information ⋮ INNOVATION AND GROWTH WITH FINANCIAL, AND OTHER, FRICTIONS ⋮ Multiplicity of monetary steady states ⋮ Search and the market for ideas ⋮ MARRIAGE, MARKETS, AND MONEY: A COASIAN THEORY OF HOUSEHOLD FORMATION ⋮ Revisiting multiplicity of bubble equilibria in a search model with posted prices ⋮ Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange

Cites Work

• Money and capital as competing media of exchange
• General equilibrium with nonconvexities and money
• Stationarity without degeneracy in a model of commodity money
• Search and the market for ideas
• Money, credit and banking
• Money is memory
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.
• Money and prices: A model of search and bargaining
• Optimal fiscal and monetary policy when money is essential
• Bank Runs, Deposit Insurance, and Liquidity
• Contagion Equilibria in a Monetary Model
• Asset Prices in an Exchange Economy
• Monotone Comparative Statics
• A Divisible Search Model of Fiat Money
• Information, Liquidity, Asset Prices, and Monetary Policy
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Directed Matching and Monetary Exchange

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