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Alternative Approaches to Monetary Economics of Overlapping-Generations,the optimality of some types of monetary policy, the admissibility of monetary instability. The question to investigate is whether these are results peculiar to Ramsey-type infinite horizon models or are characteristic of dynamic competitive economies populated by rational agents.享乐主义者 发表于 2025-3-26 10:21:31
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opmans approach) and models of overlapping-generations (Allais-Fisher-Samuelson approach). Controversial questions concerning monetary models and monetary policies are also considered in a systematic way. The book also introduces both real models and monetary models of endogenous growth.978-0-333-97742-2贞洁 发表于 2025-3-26 20:13:17
between decisions of agents and policy interventions. The book explores the two basic approaches of models of infinitely-lived agents (Cass-Ramsey-Koopmans approach) and models of overlapping-generations (Allais-Fisher-Samuelson approach). Controversial questions concerning monetary models and mone