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On the coexistence of money and higher-return assets and its social role

Hu, Tai-Wei; Rocheteau, Guillaume - In: Journal of Economic Theory 148 (2013) 6, pp. 2520-2560

This paper adopts mechanism design to investigate the coexistence of fiat money and higher-return assets. We consider an economy with pairwise meetings where fiat money and risk-free capital compete as means of payment, as in [28]. The trading mechanism in pairwise meetings is chosen among all...

Persistent link: https://www.econbiz.de/10011043029

On the coexistence of money and higher-return assets and its social role

Hu, Tai-Wei; Rocheteau, Guillaume - In: Journal of economic theory 148 (2013) 6, pp. 2520-2560

Persistent link: https://www.econbiz.de/10010257921

Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy

Bajaj, Ayushi; Hu, Tai-Wei; Rocheteau, Guillaume; … - In: Journal of economic theory 167 (2017), pp. 1-13

Persistent link: https://www.econbiz.de/10011741353

Optimal credit fluctuations

Bethune, Zachary; Hu, Tai-Wei; Rocheteau, Guillaume - In: Review of economic dynamics 27 (2018), pp. 231-245

Persistent link: https://www.econbiz.de/10012041445

Unique monetary equilibrium with inflation in a stationary Bewley-Aiyagari model

Hu, Tai-Wei; Shmaya, Eran - In: Journal of economic theory 180 (2019), pp. 368-382

Persistent link: https://www.econbiz.de/10012131687

Optimal monetary interventions in credit markets

Araujo, Luis; Hu, Tai-Wei - In: Journal of economic theory 178 (2018), pp. 455-487

Persistent link: https://www.econbiz.de/10012026442

Indeterminacy in credit economies

Bethune, Zachary; Hu, Tai-Wei; Rocheteau, Guillaume - In: Journal of economic theory 175 (2018), pp. 556-584

Persistent link: https://www.econbiz.de/10011980731