General Equilibrium Models of Monetary Economies
Studies in the Static Foundations of Monetary Theory
- 364 pages
- English
- PDF
- Available on iOS & Android
General Equilibrium Models of Monetary Economies
Studies in the Static Foundations of Monetary Theory
About this book
General Equilibrium Models of Monetary Economies: Studies in the Static Foundations of Monetary Theory is a collection of essays that addresses the integration of the theory of money and the theory of value by using a mathematical general equilibrium theory. The papers discuss monetary theory, microeconomic theory, bilateral trade, transactions costs, intertemporal allocation, and the value of money. The Arrow-Debreu model of Walrasian general equilibrium theory provides a framework to represent money as a device for facilitating trade among economic agents without the use of money as a medium of exchange and as a store of value. The essays analyze the rationale for using a medium of exchange, for using a store of value, and for holding of idle balances in equilibrium. The essays show that by explicit modeling of the structure and difficulties of trade, a powerful class of models which deny money and finance a role in the economy, has by itself shown to have provided the foundation for the structures of trade. The collection will prove helpful for economists, statistician, mathematicians, students or professors of economics and business.
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Table of contents
- Front Cover
- General Equilibrium Models of Monetary Economies: Studies in the Static Foundations of Monetary Theory
- Copyright Page
- Table of Contents
- Dedication
- Part I: Monetary Theory and Microeconomic Theory
- Part II: Bilateral Trade
- Part III: Transaction Costs and Intertemporal Allocation
- Part IV: The Value of Money
- Part V: Conclusion
- BIBLIOGRAPHY
- Economic Theory, Econometrics, and Mathematical Economics