Matches in SemOpenAlex for { <https://semopenalex.org/work/W2022355073> ?p ?o ?g. }
Showing items 1 to 84 of
84
with 100 items per page.
- W2022355073 endingPage "1433" @default.
- W2022355073 startingPage "1401" @default.
- W2022355073 abstract "In models of money with an infinitely lived representative agent (ILRA models), the optimal monetary policy is almost always the Friedman rule. In overlapping generations (OG) models, by contrast, the Friedman rule may not be optimal. In this paper, we use this difference in monetary policy prescriptions to help us identify and study the key difference between these two models as models of money. We study the welfare properties of monetary policy in a simple OG model under two very different money demand specifications and two alternative assumptions about the generational timing of taxes for money retirement. We conclude that the key difference between ILRA and OG monetary models is that in the latter, the standard method for constructing a monetary regime causes transactions involving money to become intergenerational transfers. Under alternative government fiscal/monetary regimes that offset these intergenerational transfers, the Friedman rule is always optimal." @default.
- W2022355073 created "2016-06-24" @default.
- W2022355073 creator A5018559754 @default.
- W2022355073 creator A5076441799 @default.
- W2022355073 creator A5083790557 @default.
- W2022355073 date "2005-11-01" @default.
- W2022355073 modified "2023-09-27" @default.
- W2022355073 title "The role of money in two alternative models: When is the Friedman rule optimal, and why?" @default.
- W2022355073 cites W1982156942 @default.
- W2022355073 cites W1987463880 @default.
- W2022355073 cites W2008777075 @default.
- W2022355073 cites W2010504386 @default.
- W2022355073 cites W2025504270 @default.
- W2022355073 cites W2028091702 @default.
- W2022355073 cites W2031229145 @default.
- W2022355073 cites W2073171162 @default.
- W2022355073 cites W2095209231 @default.
- W2022355073 cites W2244866464 @default.
- W2022355073 cites W3124621290 @default.
- W2022355073 cites W4299326445 @default.
- W2022355073 doi "https://doi.org/10.1016/j.jmoneco.2004.08.007" @default.
- W2022355073 hasPublicationYear "2005" @default.
- W2022355073 type Work @default.
- W2022355073 sameAs 2022355073 @default.
- W2022355073 citedByCount "40" @default.
- W2022355073 countsByYear W20223550732012 @default.
- W2022355073 countsByYear W20223550732013 @default.
- W2022355073 countsByYear W20223550732014 @default.
- W2022355073 countsByYear W20223550732015 @default.
- W2022355073 countsByYear W20223550732017 @default.
- W2022355073 countsByYear W20223550732018 @default.
- W2022355073 countsByYear W20223550732020 @default.
- W2022355073 countsByYear W20223550732022 @default.
- W2022355073 countsByYear W20223550732023 @default.
- W2022355073 crossrefType "journal-article" @default.
- W2022355073 hasAuthorship W2022355073A5018559754 @default.
- W2022355073 hasAuthorship W2022355073A5076441799 @default.
- W2022355073 hasAuthorship W2022355073A5083790557 @default.
- W2022355073 hasBestOaLocation W20223550732 @default.
- W2022355073 hasConcept C100243477 @default.
- W2022355073 hasConcept C126285488 @default.
- W2022355073 hasConcept C139719470 @default.
- W2022355073 hasConcept C149782125 @default.
- W2022355073 hasConcept C162324750 @default.
- W2022355073 hasConcept C2775891139 @default.
- W2022355073 hasConcept C34447519 @default.
- W2022355073 hasConcept C524878704 @default.
- W2022355073 hasConcept C54178654 @default.
- W2022355073 hasConcept C556758197 @default.
- W2022355073 hasConcept C7386506 @default.
- W2022355073 hasConceptScore W2022355073C100243477 @default.
- W2022355073 hasConceptScore W2022355073C126285488 @default.
- W2022355073 hasConceptScore W2022355073C139719470 @default.
- W2022355073 hasConceptScore W2022355073C149782125 @default.
- W2022355073 hasConceptScore W2022355073C162324750 @default.
- W2022355073 hasConceptScore W2022355073C2775891139 @default.
- W2022355073 hasConceptScore W2022355073C34447519 @default.
- W2022355073 hasConceptScore W2022355073C524878704 @default.
- W2022355073 hasConceptScore W2022355073C54178654 @default.
- W2022355073 hasConceptScore W2022355073C556758197 @default.
- W2022355073 hasConceptScore W2022355073C7386506 @default.
- W2022355073 hasIssue "8" @default.
- W2022355073 hasLocation W20223550731 @default.
- W2022355073 hasLocation W20223550732 @default.
- W2022355073 hasLocation W20223550733 @default.
- W2022355073 hasOpenAccess W2022355073 @default.
- W2022355073 hasPrimaryLocation W20223550731 @default.
- W2022355073 hasRelatedWork W1596665008 @default.
- W2022355073 hasRelatedWork W1981929425 @default.
- W2022355073 hasRelatedWork W2041911970 @default.
- W2022355073 hasRelatedWork W2116575346 @default.
- W2022355073 hasRelatedWork W3033243864 @default.
- W2022355073 hasRelatedWork W3121286892 @default.
- W2022355073 hasRelatedWork W3123910020 @default.
- W2022355073 hasRelatedWork W3124581694 @default.
- W2022355073 hasRelatedWork W3144373487 @default.
- W2022355073 hasRelatedWork W2460496837 @default.
- W2022355073 hasVolume "52" @default.
- W2022355073 isParatext "false" @default.
- W2022355073 isRetracted "false" @default.
- W2022355073 magId "2022355073" @default.
- W2022355073 workType "article" @default.