Matches in SemOpenAlex for { <https://semopenalex.org/work/W3145618051> ?p ?o ?g. }
Showing items 1 to 69 of
69
with 100 items per page.
- W3145618051 abstract "I consider a model of intertemporal trade where agents lack commitment, agent types are private information, there is an absence of recordkeeping, and societal penalties are infeasible. Despite these frictions, I demonstrate that policy can be designed to implement the first-best allocation as a (stationary) competitive monetary equilibrium. The optimal policy requires a strictly positive interest rate with the aggregate interest expenditure financed in part by an inflation tax and in part by an incentive-compatible lump-sum fee. An illiquid bond is essential only in the event that paying interest on money is prohibitively costly." @default.
- W3145618051 created "2021-04-13" @default.
- W3145618051 creator A5089219951 @default.
- W3145618051 date "2008-05-03" @default.
- W3145618051 modified "2023-09-27" @default.
- W3145618051 title "Essential Interest-Bearing Money (2008)" @default.
- W3145618051 hasPublicationYear "2008" @default.
- W3145618051 type Work @default.
- W3145618051 sameAs 3145618051 @default.
- W3145618051 citedByCount "0" @default.
- W3145618051 crossrefType "posted-content" @default.
- W3145618051 hasAuthorship W3145618051A5089219951 @default.
- W3145618051 hasConcept C105795698 @default.
- W3145618051 hasConcept C121332964 @default.
- W3145618051 hasConcept C126285488 @default.
- W3145618051 hasConcept C162324750 @default.
- W3145618051 hasConcept C175025494 @default.
- W3145618051 hasConcept C175444787 @default.
- W3145618051 hasConcept C200941418 @default.
- W3145618051 hasConcept C2775891139 @default.
- W3145618051 hasConcept C2778943661 @default.
- W3145618051 hasConcept C29122968 @default.
- W3145618051 hasConcept C33332235 @default.
- W3145618051 hasConcept C33923547 @default.
- W3145618051 hasConcept C556758197 @default.
- W3145618051 hasConcept C91810955 @default.
- W3145618051 hasConcept C99221444 @default.
- W3145618051 hasConceptScore W3145618051C105795698 @default.
- W3145618051 hasConceptScore W3145618051C121332964 @default.
- W3145618051 hasConceptScore W3145618051C126285488 @default.
- W3145618051 hasConceptScore W3145618051C162324750 @default.
- W3145618051 hasConceptScore W3145618051C175025494 @default.
- W3145618051 hasConceptScore W3145618051C175444787 @default.
- W3145618051 hasConceptScore W3145618051C200941418 @default.
- W3145618051 hasConceptScore W3145618051C2775891139 @default.
- W3145618051 hasConceptScore W3145618051C2778943661 @default.
- W3145618051 hasConceptScore W3145618051C29122968 @default.
- W3145618051 hasConceptScore W3145618051C33332235 @default.
- W3145618051 hasConceptScore W3145618051C33923547 @default.
- W3145618051 hasConceptScore W3145618051C556758197 @default.
- W3145618051 hasConceptScore W3145618051C91810955 @default.
- W3145618051 hasConceptScore W3145618051C99221444 @default.
- W3145618051 hasLocation W31456180511 @default.
- W3145618051 hasOpenAccess W3145618051 @default.
- W3145618051 hasPrimaryLocation W31456180511 @default.
- W3145618051 hasRelatedWork W1514087369 @default.
- W3145618051 hasRelatedWork W1566934355 @default.
- W3145618051 hasRelatedWork W1572380985 @default.
- W3145618051 hasRelatedWork W1585260908 @default.
- W3145618051 hasRelatedWork W2029413113 @default.
- W3145618051 hasRelatedWork W2058862516 @default.
- W3145618051 hasRelatedWork W2062321393 @default.
- W3145618051 hasRelatedWork W2079768115 @default.
- W3145618051 hasRelatedWork W2091165691 @default.
- W3145618051 hasRelatedWork W2138401658 @default.
- W3145618051 hasRelatedWork W2613216848 @default.
- W3145618051 hasRelatedWork W3122419603 @default.
- W3145618051 hasRelatedWork W3123094854 @default.
- W3145618051 hasRelatedWork W3123148302 @default.
- W3145618051 hasRelatedWork W3123688299 @default.
- W3145618051 hasRelatedWork W3124013515 @default.
- W3145618051 hasRelatedWork W3124915973 @default.
- W3145618051 hasRelatedWork W1751786291 @default.
- W3145618051 hasRelatedWork W1761026278 @default.
- W3145618051 hasRelatedWork W2340374653 @default.
- W3145618051 isParatext "false" @default.
- W3145618051 isRetracted "false" @default.
- W3145618051 magId "3145618051" @default.
- W3145618051 workType "article" @default.