Leopold Von Thadden

Money, Inflation, and Capital Formation (eBook, PDF)

An Analysis of the Long Run from the Perspective of Overlapping Generations Models

• Format: PDF

Produktbeschreibung

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. . . . . . . .

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 200
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9783642585562
• Artikelnr.: 53137511

Inhaltsangabe

I Money, inflation, and capital formation in the long run: general remarks.- 1 Summary of the literature: theoretical aspects.- 2 Summary of the literature: empirical aspects.- 3 Further reflections on money.- II Money, inflation, and capital formation: the perspective of overlapping generations models.- 5 Variation 1: Imperfect credit markets and asymmetric information.- 6 Variation 2: Random liquidity needs.- 7 Variation 3: Standard cash-in-advance constraint and endogenous savings.- 8 Variation 4: Differentiated goods, multiple means of payment, and money as single outside asset.- 9 Variation 5: Differentiated goods, multiple means of payment, and alternative specifications of government activities.- Summary.- Appendix I: Technology.- Appendix II: Dynamics.- References.- List of Figures.