Some results on the optimality and implementation of the Friedman rule in the search theory of money

DOI10.1016/J.JET.2009.05.010MaRDI QIDQ981044zbMATH OpenOpenAlexFDO

Authors Ricardo Lagos

Publication date 8 July 2010

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

Full work available at URL https://doi.org/10.1016/j.jet.2009.05.010

zbMATH Keywords

searchinterest ratesliquiditymonetary policyFriedman rule

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 3788331 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• Asset Prices in an Exchange Economy
• Dynamic Monetary Equilibrium in a Random Matching Economy
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.
• Money and capital as competing media of exchange
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy

Cited in

(17)

• Sub-optimality of the Friedman rule in Townsend's turnpike and stochastic relocation models of money: do finite lives and initial dates matter?
• Revisiting multiplicity of bubble equilibria in a search model with posted prices
• The optimality of the friedman rule when some distorting taxes are exogenous
• Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange
• The Friedman rule under habit formation
• On the optimality of the Friedman rule in a New Monetarist model
• (In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy
• Introduction to search theory and applications
• Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies
• Heterogeneity, monetary policy, Mirrleesian taxes, and the Friedman rule
• Real transfers and the Friedman rule
• Essential interest-bearing money
• The optimal quantity of money and partially-liquid assets
• Endogenous liquidity and volatility
• THE FRIEDMAN RULE: EXPERIMENTAL EVIDENCE
• Ruling out Pareto dominated monetary equilibria
• On the optimal quantity of liquid bonds

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