turnpike and stochastic relocation models of money: Do finite lives and initial dates matter
Recent papers suggest that when intermediation is analyzed seriously, the Friedman rule does not max...
Model uncertainty affects the monetary policy delegation problem. If there is uncertainty with regar...
In this paper, we study the optimal steady state monetary policy in overlapping generations (OG) mod...
The Friedman rule, a widely studied prescription for monetary policy, is optimal in Townsend\u27s tu...
We construct an economy populated with infinitely-lived agents and show that the Friedman rule is su...
The existence of the modified golden rule and the turnpike property are proved for a multi-sector sto...
This paper presents a stochastic version of Townsend's turnpike model in which the aggregate endowme...
According to the logic of the Friedman rule, the opportunity cost of holding money faced by private ...
In models of money with an infinitely-lived representative agent (ILRA models), the optimal monetary...
In this paper, a stochastic endogenous aggregative growth model is constructed and two main results...
We study several popular monetary models which generate a non-degenerate stationary distribution of ...
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--1287) / BLDSC - B...
In cash-in-advance models, necessary and sufficient conditions for the existence of an equilibrium w...
We compare two methods of motivating money in New Keynesian dynamic stochastic general equilibrium m...
This paper models a two-period overlapping-generations economy with money populated with individuals...
Recent papers suggest that when intermediation is analyzed seriously, the Friedman rule does not max...
Model uncertainty affects the monetary policy delegation problem. If there is uncertainty with regar...
In this paper, we study the optimal steady state monetary policy in overlapping generations (OG) mod...
The Friedman rule, a widely studied prescription for monetary policy, is optimal in Townsend\u27s tu...
We construct an economy populated with infinitely-lived agents and show that the Friedman rule is su...
The existence of the modified golden rule and the turnpike property are proved for a multi-sector sto...
This paper presents a stochastic version of Townsend's turnpike model in which the aggregate endowme...
According to the logic of the Friedman rule, the opportunity cost of holding money faced by private ...
In models of money with an infinitely-lived representative agent (ILRA models), the optimal monetary...
In this paper, a stochastic endogenous aggregative growth model is constructed and two main results...
We study several popular monetary models which generate a non-degenerate stationary distribution of ...
SIGLEAvailable from British Library Document Supply Centre- DSC:3597.9512(CEPR-DP--1287) / BLDSC - B...
In cash-in-advance models, necessary and sufficient conditions for the existence of an equilibrium w...
We compare two methods of motivating money in New Keynesian dynamic stochastic general equilibrium m...
This paper models a two-period overlapping-generations economy with money populated with individuals...
Recent papers suggest that when intermediation is analyzed seriously, the Friedman rule does not max...
Model uncertainty affects the monetary policy delegation problem. If there is uncertainty with regar...
In this paper, we study the optimal steady state monetary policy in overlapping generations (OG) mod...