Cart
Free Shipping in Australia
Proud to be B-Corp

Money, Inflation, and Capital Formation Leopold von Thadden

Money, Inflation, and Capital Formation By Leopold von Thadden

Money, Inflation, and Capital Formation by Leopold von Thadden


$175.99
Condition - New
Only 2 left

Summary

This is an analysis of long run effects of inflation on real activity. It surveys the theoretical and empirical literature, and introduces a monetary version of an overlapping generations economy with production and a single outside asset as a base model as a framework for the debate.

Money, Inflation, and Capital Formation Summary

Money, Inflation, and Capital Formation: An Analysis of the Long Run from the Perspective of Overlapping Generations Models by Leopold von Thadden

This book is a slightly revised version of my doctoral thesis which I wrote during my time as an assistant at the Faculty of Economics of the University of Magdeburg. I am grateful that I had the opportunity to write my the sis in the stimulating atmosphere of this young and lively faculty. lowe a great amount of gratitude to my supervisor Prof. G. Schwodiauer who con stantly encouraged my work and helped to improve it in many discussions. I also would like to thank Prof. K-H. Paque and Prof. P. Flaschel who, as members of my doctoral committee, commented on various details of this study in a very constructive manner. At various stages of my work I received helpful comments from many colleagues of mine, in particular T. Konig and A. Wohrmann. However, it goes without saying that I retain full responsi bility for all remaining errors. Contents Introduction 1 I Money, inflation, and capital formation in the long run: general remarks 5 1 Summary of the literature: theoretical aspects 7 2 Summary of the literature: empirical aspects 19 3 Further reflections on money 29 II Money, inflation, and capital formation: the perspective of overlapping generations models 43 4 The Diamond model with money as single outside asset 45 4. 1 The model. . . . . . . . 46 4. 2 Equilibrium conditions. 51 4. 3 Policy effects 58 4. 4 Discussion. 61 4. 5 Appendix . 63 5 Variation 1: Imperfect credit markets and asymmetric information 65 5. 1 The model. . . . . . . .

Table of Contents

Money, inflation, and capital formation in the long run: general remarks: Summary of the literature: theoretical aspects.- Summary of the literature: empirical aspects.- Further reflections on money.- Money, inflation, and capital formation: the perspective of overlapping generations models: The Diamond model with money as single outside asset.- The model.- Equilibrium conditions.- Policy effects.- Discussion.- Appendix.- Variation 1: Imperfect credit markets and asymmetric information.- The model.- Equilibrium conditions.- Policy effects.- Discussion.- Appendix.- Variation 2: Random liquidity needs.- The model.- Equilibrium conditions.- Policy effects.- Discussion.- Appendix.- Variation 3: Standard cash-in-advance constraint and endogenous savings.- The model.- Equilibrium conditions.- Policy effects.- Appendix.- Variation 4: Differentiated goods, multiple means of payment, and money as single outside asset.- The model.- Equilibrium conditions.- The regime with an exogenous cash-in-advance constraint.- The regime with an endogenous cash-in-advance constraint.- Appendix 1: Standard problem of the consumer.- Appendix 2: The regime with an endogenous cash-in-advance constraint.- Appendix 3: The regime with an exogenous cash-in-advance constraint.- Appendix 4: Plots.-Variation 5: Differentiated goods, multiple means of payment, and alternative specifications of government activities.- Differentiated goods, multiple means of payment, and multiple outside assets.- Differentiated goods, multiple means of payment, and productive government expenditures.- Appendix.- Appendix I: Technology.- Appendix II: Dynamics.

Additional information

NLS9783540664567
9783540664567
3540664564
Money, Inflation, and Capital Formation: An Analysis of the Long Run from the Perspective of Overlapping Generations Models by Leopold von Thadden
New
Paperback
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
1999-11-17
200
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Money, Inflation, and Capital Formation