"Money, Inflation, and Capital Formation": An Analysis Of The Long Run From The Perspective Of Overlapping Generations Models: 479 (Lecture Notes in Economics and Mathematical Systems, 479) - Tapa blanda

Libro 84 de 126: Lecture Notes in Economics and Mathematical Systems

Thadden, Leopold Von

 
9783540664567: "Money, Inflation, and Capital Formation": An Analysis Of The Long Run From The Perspective Of Overlapping Generations Models: 479 (Lecture Notes in Economics and Mathematical Systems, 479)
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ISBN 10: 3540664564 ISBN 13: 9783540664567
Editorial: Springer, 2013

Sinopsis

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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Reseña del editor

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. . . . . . . .

Reseña del editor

This book offers a comprehensive analysis of long run effects of inflation on real activity. The first part presents detailed surveys of the theoretical and empirical literature. The second part introduces a monetary version of an overlapping generations economy with production and a single outside asset as a base model and offers thereby a unified framework to organize the debate. Drawing on recent contributions from the theoretical literature and new results established by the author, various modifications to the base model are discussed. These modifications address a diverse range of features such as imperfections in credit markets, random liquidity needs, transaction aspects of money in a context with multiple means of payment, and the coexistence of multiple outside assets. Throughout the second part of the book consistent notation is used, and particular attention is paid to a careful classification of comparative statics and dynamic properties of steady state equilibria.

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Editorial
Springer
Año de publicación
2013
Idioma
Inglés
ISBN 10 
3540664564
ISBN 13 
9783540664567
Encuadernación
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Número de páginas
212
Contacto del fabricante
ProductSafety@springernature.com
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Poststr. 9
Darmstadt
64293
Alemania

Otras ediciones populares con el mismo título

9783642585579: Money, Inflation, and Capital Formation: An Analysis of the Long Run from the Perspective of Overlapping Generations Models

Edición Destacada

ISBN 10:  3642585574 ISBN 13:  9783642585579
Editorial: Springer, 2012
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