Optimality of the Friedman Rule in an Overlapping Generations Model with Spatial Separation
نویسندگان
چکیده
منابع مشابه
An overlapping-generations model with search
Search is embeded in an overlapping-generations model. Young people participate a centralized market and a decentralized market sequentially and olds only participates the centralized market. The demographic feature allows analytical tractability. In a series examples, positve inflation rates are Pareto optimal. JEL classification: E31
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2007
ISSN: 0022-2879,1538-4616
DOI: 10.1111/j.1538-4616.2007.00085.x