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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
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» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Kiyotaki, Nobuhiro - Wright, Randall - |
| Título: | A Search-Theoretic Approach to Monetary Economics |
| Fuente: | American Economic Review. v.83, n.1. American Economic Association |
| Páginas: | pp. 63-77 |
| Año: | Mar. 1993 |
| Resumen: | The essential function of money is its role as a medium of exchange. The authors formalize this idea using a search-theoretic equilibrium model of the exchange process that captures the "double coincidence of wants problem" with pure barter. One advantage of the framework described here is that it is very tractable. The authors also show that the model can be used to addre ss some substantive issues in monetary economics, including the potenti al welfare-enhancing role of money, the interaction between specializat ion and monetary exchange, and the possibility of equilibria with multip le fiat currencies. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Blanchard, Olivier-Jean - Kiyotaki, Nobuhiro - |
| Título: | Monopolistic Competition and the Effects of Aggregate Demand |
| Fuente: | American Economic Review. v.77, n.4. American Economic Association |
| Páginas: | pp. 647-66 |
| Año: | Sept. 1987 |
| Resumen: | How important is monopolistic competition to an understanding of the effects of aggregate demand on output? The authors ask this question at three levels. Can monopolistic competition, by itself, explain why aggregate demand affects output? Can it, together with other imperfections, generate effects of aggregate demand in a way that perfect competition cannot? If so, can it give an accurate account of the res ponse of the economy to aggregate demand movements? The answers are no, yes, and yes. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
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