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Money, Banking, and Monetary Policy

Author

Listed:
  • Randall Wright

    (University of Pennsylvania)

  • Lixin Huang

    (Georgia State University)

  • Ping He

    (Tsinghua University)

Abstract

parameters optimal; for other parameters, strictly positive rates (inflation above the Friedman Rule) are optimal.

Suggested Citation

  • Randall Wright & Lixin Huang & Ping He, 2008. "Money, Banking, and Monetary Policy," 2008 Meeting Papers 347, Society for Economic Dynamics.
  • Handle: RePEc:red:sed008:347
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    File URL: https://economicdynamics.org/meetpapers/2008/paper_347.pdf
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    References listed on IDEAS

    as
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    8. Ricardo de O. Cavalcanti & Neil Wallace, 1999. "Inside and outside money as alternative media of exchange," Proceedings, Federal Reserve Bank of Cleveland, pages 443-468.
    9. Ricardo de O. Cavalcanti & Andrés Erosa & Ted Temzelides, 2005. "Liquidity, Money Creation And Destruction, And The Returns To Banking," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(2), pages 675-706, May.
    10. Aleksander Berentsen & Guillaume Rocheteau, 2004. "Money and Information," Review of Economic Studies, Oxford University Press, vol. 71(4), pages 915-944.
    11. Kahn, Charles M. & Roberds, William, 2008. "Credit and identity theft," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 251-264, March.
    12. Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 927-954, August.
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