"Money, Inflation, and Capital Formation": An Analysis Of The Long Run From The Perspective Of Overlapping Generations Models: 479 - Brossura

Thadden, Leopold Von

Brossura

ISBN 10: 3540664564 ISBN 13: 9783540664567

Casa editrice: Springer, 2013

Riassunto

This book is a slightly revised version of my doctoral thesis which I wrote during my time as an assistant at the Faculty of Economics of the University of Magdeburg. I am grateful that I had the opportunity to write my the­ sis in the stimulating atmosphere of this young and lively faculty. lowe a great amount of gratitude to my supervisor Prof. G. Schwodiauer who con­ stantly encouraged my work and helped to improve it in many discussions. I also would like to thank Prof. K-H. Paque and Prof. P. Flaschel who, as members of my doctoral committee, commented on various details of this study in a very constructive manner. At various stages of my work I received helpful comments from many colleagues of mine, in particular T. Konig and A. Wohrmann. However, it goes without saying that I retain full responsi­ bility for all remaining errors. Contents Introduction 1 I Money, inflation, and capital formation in the long run: general remarks 5 1 Summary of the literature: theoretical aspects 7 2 Summary of the literature: empirical aspects 19 3 Further reflections on money 29 II Money, inflation, and capital formation: the perspective of overlapping generations models 43 4 The Diamond model with money as single outside asset 45 4. 1 The model. . . . . . . . 46 4. 2 Equilibrium conditions. 51 4. 3 Policy effects 58 4. 4 Discussion. 61 4. 5 Appendix . 63 5 Variation 1: Imperfect credit markets and asymmetric information 65 5. 1 The model. . . . . . . .

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Contenuti

Money, inflation, and capital formation in the long run: general remarks: Summary of the literature: theoretical aspects.- Summary of the literature: empirical aspects.- Further reflections on money.- Money, inflation, and capital formation: the perspective of overlapping generations models: The Diamond model with money as single outside asset.- The model.- Equilibrium conditions.- Policy effects.- Discussion.- Appendix.- Variation 1: Imperfect credit markets and asymmetric information.- The model.- Equilibrium conditions.- Policy effects.- Discussion.- Appendix.- Variation 2: Random liquidity needs.- The model.- Equilibrium conditions.- Policy effects.- Discussion.- Appendix.- Variation 3: Standard cash-in-advance constraint and endogenous savings.- The model.- Equilibrium conditions.- Policy effects.- Appendix.- Variation 4: Differentiated goods, multiple means of payment, and money as single outside asset.- The model.- Equilibrium conditions.- The regime with an exogenous cash-in-advance constraint.- The regime with an endogenous cash-in-advance constraint.- Appendix 1: Standard problem of the consumer.- Appendix 2: The regime with an endogenous cash-in-advance constraint.- Appendix 3: The regime with an exogenous cash-in-advance constraint.- Appendix 4: Plots.-Variation 5: Differentiated goods, multiple means of payment, and alternative specifications of government activities.- Differentiated goods, multiple means of payment, and multiple outside assets.- Differentiated goods, multiple means of payment, and productive government expenditures.- Appendix.- Appendix I: Technology.- Appendix II: Dynamics.

Product Description

Book by Thadden Leopold von

Dettagli dell'edizione

• Editore: Springer
• Data di pubblicazione: 2013
• Lingua: Inglese
• ISBN 10: 3540664564
• ISBN 13: 9783540664567
• Rilegatura: Copertina flessibile
• Numero di pagine: 212
• Contatto del produttore: ProductSafety@springernature.com; ProductSafety@springernature.com; ; Poststr. 9; Darmstadt; 64293; Germania