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Note sur l'origine de la monnaie dans les modèles de search

Author

Listed:
  • Vincent Bignon
  • Régis Breton

    (LEO - Laboratoire d'Économie d'Orleans [UMR6586] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

Abstract

The selection of the monetary equilibrium in the search-theoretic approach to money remains an open question. This paper introduces a population heterogeneity in a simple search model to study how the use of money by a subset of agents can spread itself to the economy through the bootstrap mechanism. The local use of money must be based on additional assumptions, such as extraneous social belief or a local ability to coordinate. Classification JEL : D83, E41
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Vincent Bignon & Régis Breton, 2003. "Note sur l'origine de la monnaie dans les modèles de search," Post-Print halshs-00256579, HAL.
  • Handle: RePEc:hal:journl:halshs-00256579
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    Cited by:

    1. Andrés Álvarez & Vincent Bignon, 2013. "L. Walras and C. Menger: two ways on the path of modern monetary theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(1), pages 89-124, February.

    More about this item

    Keywords

    Note; origine; monnaie; modèle; search;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money

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