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A Difficulty with the Optimum Quantity of Money

Listed author(s):
  • Bewley, Truman
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    This series of programs solve a Bewley model with production

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    Article provided by Econometric Society in its journal Econometrica.

    Volume (Year): 51 (1983)
    Issue (Month): 5 (September)
    Pages: 1485-1504

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    Handle: RePEc:ecm:emetrp:v:51:y:1983:i:5:p:1485-504
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    1. Perlman, Morris, 1971. "The Roles of Money in an Economy and the Optimum Quantity of Money," Economica, London School of Economics and Political Science, vol. 38(151), pages 233-252, August.
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    6. Paul A. Samuelson, 1969. "Nonoptimality of Money Holding under Laissez Faire," Canadian Journal of Economics, Canadian Economics Association, vol. 2(2), pages 303-308, May.
    7. Arrow, Kenneth J, 1974. "Limited Knowledge and Economic Analysis," American Economic Review, American Economic Association, vol. 64(1), pages 1-10, March.
    8. Jean-Michel Grandmont & Yves Younes, 1973. "On the Efficiency of a Monetary Equilibrium," Review of Economic Studies, Oxford University Press, vol. 40(2), pages 149-165.
    9. Grandmont, Jean-Michel, 1993. "Temporary general equilibrium theory," Handbook of Mathematical Economics,in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 4, volume 2, chapter 19, pages 879-922 Elsevier.
    10. Alvin L. Marty, 1968. "The Optimal Rate of Growth of Money," Journal of Political Economy, University of Chicago Press, vol. 76, pages 860-860.
    11. Grandmont, Jean-Michel & Laroque, Guy, 1973. "Money in the pure consumption loan model," Journal of Economic Theory, Elsevier, vol. 6(4), pages 382-395, August.
    12. Ostroy, Joseph M & Starr, Ross M, 1974. "Money and the Decentralization of Exchange," Econometrica, Econometric Society, vol. 42(6), pages 1093-1113, November.
    13. Paul A. Samuelson, 1968. "What Classical and Neoclassical Monetary Theory Really was," Canadian Journal of Economics, Canadian Economics Association, vol. 1(1), pages 1-15, February.
    14. Gale, David, 1973. "Pure exchange equilibrium of dynamic economic models," Journal of Economic Theory, Elsevier, vol. 6(1), pages 12-36, February.
    15. Hahn, F H, 1971. "Professor Friedman's Views on Money," Economica, London School of Economics and Political Science, vol. 38(149), pages 61-80, February.
    16. Schechtman, Jack, 1976. "An income fluctuation problem," Journal of Economic Theory, Elsevier, vol. 12(2), pages 218-241, April.
    17. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467-467.
    18. Perlman, Morris, 1973. "The Roles of Money in an Economy and the Optimum Quantity of Money: Reply," Economica, London School of Economics and Political Science, vol. 40(160), pages 432-441, November.
    19. Bewley, Truman, 1977. "The permanent income hypothesis: A theoretical formulation," Journal of Economic Theory, Elsevier, vol. 16(2), pages 252-292, December.
    20. Brock, William A., 1975. "A simple perfect foresight monetary model," Journal of Monetary Economics, Elsevier, vol. 1(2), pages 133-150, April.
    21. Heller, Walter Perrin, 1974. "The holding of money balances in general equilibrium," Journal of Economic Theory, Elsevier, vol. 7(1), pages 93-108, January.
    22. Saving, Thomas R, 1971. "Transactions Costs and the Demand for Money," American Economic Review, American Economic Association, vol. 61(3), pages 407-420, June.
    23. Walter Perrin Heller & Ross M. Starr, 1976. "Equilibrium with Non-convex Transactions Costs: Monetary and Non-monetary Economies," Review of Economic Studies, Oxford University Press, vol. 43(2), pages 195-215.
    24. Brock, William A, 1974. "Money and Growth: The Case of Long Run Perfect Foresight," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(3), pages 750-777, October.
    25. Martin Shubik, 1978. "The Capital Stock Modified Competitive Equilibrium," Cowles Foundation Discussion Papers 507, Cowles Foundation for Research in Economics, Yale University.
    26. E. C. Hope, 1953. "Discussion," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 2(1), pages 86-88, 03.
    27. Niehans, Jurg, 1971. "Money and Barter in General Equilibrium with Transaction Costs," American Economic Review, American Economic Association, vol. 61(5), pages 773-783, December.
    28. Feige, E L, et al, 1973. "The Roles of Money in an Economy and the Optimum Quantity of Money," Economica, London School of Economics and Political Science, vol. 40(160), pages 416-431, November.
    29. James Tobin, 1968. "Notes on Optimal Monetary Growth," Journal of Political Economy, University of Chicago Press, vol. 76, pages 833-833.
    30. Calvo, Guillermo A, 1979. "On Models of Money and Perfect Foresight," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(1), pages 83-103, February.
    31. Cass, David & Okuno, Masahiro & Zilcha, Itzhak, 1979. "The role of money in supporting the pareto optimality of competitive equilibrium in consumption-loan type models," Journal of Economic Theory, Elsevier, vol. 20(1), pages 41-80, February.
    32. Feige, Edgar L & Parkin, Michael, 1971. "The Optimal Quantity of Money, Bonds, Commodity Inventories, and Capital," American Economic Review, American Economic Association, vol. 61(3), pages 335-349, June.
    33. Stein, Jerome L, 1970. "Monetary Growth Theory in Perspective," American Economic Review, American Economic Association, vol. 60(1), pages 85-106, March.
    34. Jones, Robert A, 1976. "The Origin and Development of Media of Exchange," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 757-775, August.
    35. Ostroy, Joseph M, 1973. "The Informational Efficiency of Monetary Exchange," American Economic Review, American Economic Association, vol. 63(4), pages 597-610, September.
    36. Starr, Ross M, 1974. "The Price of Money in a Pure Exchange Monetary Economy with Taxation," Econometrica, Econometric Society, vol. 42(1), pages 45-54, January.
    37. Brunner, Karl & Meltzer, Allan H, 1971. "The Uses of Money: Money in the Theory of an Exchange Economy," American Economic Review, American Economic Association, vol. 61(5), pages 784-805, December.
    38. Clower, Robert W & Howitt, Peter W, 1978. "The Transactions Theory of the Demand for Money: A Reconsideration," Journal of Political Economy, University of Chicago Press, vol. 86(3), pages 449-466, June.
    39. Ross M. Starr, 1972. "The Structure of Exchange in Barter and Monetary Economies," The Quarterly Journal of Economics, Oxford University Press, vol. 86(2), pages 290-302.
    40. Niehans, Jurg, 1969. "Money in a Static Theory of Optimal Payment Arrangements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(4), pages 706-726, November.
    41. David Starrett, 1973. "Inefficiency and the Demand for "Money" in a Sequence Economy," Review of Economic Studies, Oxford University Press, vol. 40(4), pages 437-448.
    42. Niehans, Jurg, 1975. "Interest and Credit in General Equilibrium with Transactions Costs," American Economic Review, American Economic Association, vol. 65(4), pages 548-566, September.
    43. Robert W. Clower, 1968. "Comment: The Optimal Growth Rate of Money," Journal of Political Economy, University of Chicago Press, vol. 76, pages 876-876.
    44. Tsiang, S C, 1969. "A Critical Note on the Optimum Supply of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(2), pages 266-280, May.
    45. Kurz, Mordecai, 1974. "Equilibrium with transaction cost and money in a single market exchange economy," Journal of Economic Theory, Elsevier, vol. 7(4), pages 418-452, April.
    46. Sontheimer, Kevin, 1972. "On the Determination of Money Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(3), pages 489-508, August.
    47. Bryce Hool, 1976. "Money, Expectations and the Existence of a Temporary Equilibrium," Review of Economic Studies, Oxford University Press, vol. 43(3), pages 439-445.
    48. Johnson, Harry G, 1970. "Is There an Optimal Money Supply?," Journal of Finance, American Finance Association, vol. 25(2), pages 435-442, May.
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