Money: In Equilibrium

Douglas M Gale

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Economic theories and models Monetary Policy and Economic Impact Economic Theory and Policy

Abstract

Introduction 1. The neutrality of money 2. Informational efficiency and economic efficiency 3. Expectations and economic policy 4. The economic costs of inflation 5. Sequences of budget constraints 6. Monetary equilibrium: a cooperative approach 7. Monetary equilibrium: a non-cooperative approach Mathematical appendix Bibliographical notes References Index.

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1991Modeling the demand for narrow money in the United Kingdom and the United States 1990Chapter 1 The transactions role of money 1989Optimal Price Dynamics and Speculation with a Storable Good 1988On Monetary Theory 2000The Study of Money 2005Finn Kydland and Edward Prescott's Contribution to the Theory of Macroeconomic Policy 2002Don Patinkin and the origins of postwar monetary orthodoxy 1986On Some Recent Developments in Monetary Economics*

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