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The Role of Money in Supporting the Pareto Optimality of Competitive Equilibrium in Consumption-Loan Type Models

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  • Cass, David
  • Okuno, Masahiro
  • Zilcha, Itzhak.

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  • Cass, David & Okuno, Masahiro & Zilcha, Itzhak., "undated". "The Role of Money in Supporting the Pareto Optimality of Competitive Equilibrium in Consumption-Loan Type Models," Working Papers 242, California Institute of Technology, Division of the Humanities and Social Sciences.
  • Handle: RePEc:clt:sswopa:242
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    Cited by:

    1. Peck, James, 1988. "On the existence of sunspot equilibria in an overlapping generations model," Journal of Economic Theory, Elsevier, vol. 44(1), pages 19-42, February.
    2. David K. Levine, 1989. "Efficiency and the Value of Money," Review of Economic Studies, Oxford University Press, vol. 56(1), pages 77-88.
    3. Michener, Ronald & Ravikumar, B., 1998. "Chaotic dynamics in a cash-in-advance economy," Journal of Economic Dynamics and Control, Elsevier, vol. 22(7), pages 1117-1137, May.
    4. Farmer, Roger E A & Zabczyk, Pawel, 2018. "The Household Fallacy," CEPR Discussion Papers 12770, C.E.P.R. Discussion Papers.
    5. Vincent Sterk & Silvana Tenreyro, 2013. "The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases," CEP Discussion Papers dp1249, Centre for Economic Performance, LSE.
    6. Lahiri, Amartya & Puhakka, Mikko, 1998. "Habit Persistence in Overlapping Generations Economies under Pure Exchange," Journal of Economic Theory, Elsevier, vol. 78(1), pages 176-186, January.
    7. Aiyagari, S. Rao, 1987. "Optimality and monetary equilibria in stationary overlapping generations models with long-lived agents: Growth versus discounting," Journal of Economic Theory, Elsevier, vol. 43(2), pages 292-313, December.
    8. Erkki Koskela & Mikko Puhakka, 2006. "Indeterminacy and Stabilization of Endogenous Cycles with Balanced-Budget Distortionary Taxation," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(2), pages 149-167, June.
    9. Schonhofer, Martin, 1999. "Chaotic Learning Equilibria," Journal of Economic Theory, Elsevier, vol. 89(1), pages 1-20, November.
    10. Bewley, Truman, 1983. "A Difficulty with the Optimum Quantity of Money," Econometrica, Econometric Society, vol. 51(5), pages 1485-1504, September.
    11. Puhakka, Mikko, 2005. "The effects of aging population on the sustainability of fiscal policy," Research Discussion Papers 26/2005, Bank of Finland.
    12. Chattopadhyay, Subir & Muench, Thomas J., 1999. "Sunpsots and cycles reconsidered1," Economics Letters, Elsevier, vol. 63(1), pages 67-75, April.
    13. Pertti Haaparanta & Mikko Puhakka, 1997. "Budget deficits and the feasibility of credit market reform," Finnish Economic Papers, Finnish Economic Association, vol. 10(1), pages 35-46, Spring.
    14. Mark Pingle & Leigh Tesfatsion, 1993. "``Active Intermediation in a Monetary Overlapping Generations Economy''," Macroeconomics 9312001, EconWPA, revised 04 Dec 1993.
    15. Cazzavillan, Guido & Pintus, Patrick A., 2005. "On competitive cycles and sunspots in productive economies with a positive money stock," Research in Economics, Elsevier, vol. 59(2), pages 137-147, June.
    16. Eckwert, Bernhard, 1996. "Equilibrium term structure relations of risky assets in incomplete markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(3), pages 327-346.
    17. Koskela, Erkki & Puhakka, Mikko, 2007. "Stone-Geary preferences in overlapping generations economies under pure exchange: A note," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 976-982, December.
    18. Erkki Koskela & Mikko Puhakka, 2006. "Cycles and Indeterminacy in Overlapping Generations Economies with Stone-Geary Preferences," CESifo Working Paper Series 1737, CESifo Group Munich.
    19. Erkki Koskela & Mikko Puhakka, 2003. "Stabilizing Competitive Cycles with Distortionary Taxation," CESifo Working Paper Series 947, CESifo Group Munich.
    20. Fabrizio Orrego, 2014. "Habit formation and indeterminacy in overlapping generations models," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(1), pages 225-241, January.
    21. Mertens, Jean-François & Rubinchik, Anna, 2015. "Pareto Optimality Of The Golden Rule Equilibrium In An Overlapping Generations Model With Production And Transfers," Macroeconomic Dynamics, Cambridge University Press, vol. 19(08), pages 1780-1799, December.
    22. Charalambos Aliprantis & Kim Border & Owen Burkinshaw, 1996. "Market economies with many commodities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 19(1), pages 113-185, March.

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