Add to ORKGThis paper reexamines monetary non-superneutrality and the optimality of the optimum quantity of money in the money-in-utility Sidrauski model with endogenous fluctuations of the time preference by introducing in?ation aversion. It is shown that the long-run superneutrality of the standard Sidrauski model does not hold, and Friedman's optimum quantity of money is not optimal.Inflation Aversion, Endogenous Time Preference, Monetary Superneutrality, Optimum Quantity of Money
The Friedman rule is strongly immune to most model modifications although it has not actually been o...
We study results of the cash in advance and money in utility models about the nature of fluctuations...
Cash-in-advance models usually require agents to reallocate money and bonds in fixed periods, every...
By introducing Keynesian time preference, we reexamine the neoclassical growth model with endogenous...
I construct an overlapping-generations model of money with Epstein and Zin (1989) preferences and st...
Two optimal monetary growth models are analyzed. In the first (Model C), the rate of time preference...
This paper reexamines the relationship between the time preference rate and the real interest rate i...
Individuals in a monetary economy face both economy-wide and individual-specific risks. Milton Fried...
This note considers a cash-in-advance(CIA)economy in which the CIA constraint is applied not only to...
Individuals in a monetary economy face,both economy-wide and individualspecific risks. Friedman's (1...
Under a modified neo-classical framework, this paper reexamined the effect of international macroeco...
We suggest a simple variant of Uzawa preferences which has the same predictions as his formulation, ...
This paper explores the transmission channel from monetary variables to real variables in the steady...
Conventional wisdom is that inflation makes people spend money faster, trying to get rid of it like ...
This paper explores the transmission channel from monetary variables to real variables in the steady...
The Friedman rule is strongly immune to most model modifications although it has not actually been o...
We study results of the cash in advance and money in utility models about the nature of fluctuations...
Cash-in-advance models usually require agents to reallocate money and bonds in fixed periods, every...
By introducing Keynesian time preference, we reexamine the neoclassical growth model with endogenous...
I construct an overlapping-generations model of money with Epstein and Zin (1989) preferences and st...
Two optimal monetary growth models are analyzed. In the first (Model C), the rate of time preference...
This paper reexamines the relationship between the time preference rate and the real interest rate i...
Individuals in a monetary economy face both economy-wide and individual-specific risks. Milton Fried...
This note considers a cash-in-advance(CIA)economy in which the CIA constraint is applied not only to...
Individuals in a monetary economy face,both economy-wide and individualspecific risks. Friedman's (1...
Under a modified neo-classical framework, this paper reexamined the effect of international macroeco...
We suggest a simple variant of Uzawa preferences which has the same predictions as his formulation, ...
This paper explores the transmission channel from monetary variables to real variables in the steady...
Conventional wisdom is that inflation makes people spend money faster, trying to get rid of it like ...
This paper explores the transmission channel from monetary variables to real variables in the steady...
The Friedman rule is strongly immune to most model modifications although it has not actually been o...
We study results of the cash in advance and money in utility models about the nature of fluctuations...
Cash-in-advance models usually require agents to reallocate money and bonds in fixed periods, every...