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Cited by 753

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Monetary policy and price level determinacy in a cash-in-advance economy

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Woodford, Michael·1994·Economic Theory
DOI 10.1007/bf01215377
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Research works printed but not linked: 30

  1. Begg, D., Haque, B.: A nominal interest rate rule and price level indeterminacy reconsidered. Greek Econ. Rev.6, 31?46 (1984)
  2. Bewley, T.: A difficulty with the optimum quantity of money. Econometrica51, 1485?1504 (1983) · doi:10.2307/1912286
  3. Brock, W.A.: Money and growth: the case of long-run perfect foresight. Int. Econ. Rev.15, 750?777 (1974) · DOI
  4. Brock, W.A.: A simple perfect foresight monetary model. J. Mon. Econ.1, 133?150 (1975) · DOI · Paper page
  5. Calvo, G.A.: On models of money and perfect foresight. Int. Econ. Rev.20, 83?103 (1979) · DOI
  6. Chiappori, P.-A., Guesnerie, R.: Self-fulfilling theories: the sunspot connection. Mimeo, EHESS, Paris, 1988
  7. Friedman, M.: The role of monetary policy. Amer. Econ. Rev.58, 1?17 (1968)
  8. Friedman, M.: The optimum quantity of money. In: The optimum quantity of money and other essays. Aldine: Chicago 1969
  9. Grandmont, J.-M.: Stabilizing competitive business cycles. J. Econ. Theory40, 57?76 (1986) · doi:10.1016/0022-0531(86)90007-4
  10. Gray, J.A.: Dynamic instability in rational expectations models: an attempt to clarify. Int. Econ. Rev.25, 93?122 (1984) · doi:10.2307/2648870
  11. Howitt, P.: Interest rate control and nonconvergence to rational expectations. J. Polit. Econ.100, 776?800 (1992) · doi:10.1086/261839
  12. Kehoe, T.J., Levine, D.K.: Comparative statics and perfect foresight in infinite horizon economies. Econometrica53, 433?454 (1985) · doi:10.2307/1911244
  13. Leeper, E.: Equilibria under ?active? and ?passive? monetary policies. J. Mon. Econ.27, 129?147 (1991) · DOI · Paper page
  14. Loève, M.: Probability theory II, 4th edition. New York: Springer-Verlag 1978 · DOI · Paper page
  15. Lucas, R.E. Jr., Stokey, N.L.: Optimal fiscal and monetary policy in an economy without capital. J. Mon. Econ.12, 55?93 (1983) · DOI · Paper page
  16. Lucas, R.E. Jr., Stokey, N.L.: Money and interest in a cash-in-advance economy. Econometrica55, 491?514 (1987) · DOI
  17. Matsuyama, K.: Sunspot equilibria (rational bubbles) in a model of money-in-the-utility-function. J. Mon. Econ.25, 137?144 (1990) · doi:10.1016/0304-3932(90)90049-a
  18. Matsuyama, K.: Endogenous price fluctuations in an optimizing model of a monetary economy. Econometrica59, 1617?1631 (1991) · doi:10.2307/2938282
  19. Obstfeld, M.: Multiple stable equilibria in an optimizing perfect foresight model. Econometrica52, 223?228 (1984) · doi:10.2307/1911471
  20. Obstfeld, M., Rogoff, K.: Speculative hyperinflations in maximizing models: can we rule them out? J. Polit. Econ.91, 675?687 (1983) · doi:10.1086/261171
  21. Obstfeld, M., Rogoff, K.: Ruling out divergent speculative bubbles. J. Mon. Econ.17, 349?362 (1986) · doi:10.1016/0304-3932(86)90062-0
  22. Peck, J.: On the existence of sunspot equilibria in an overlapping generations model. J. Econ. T heory44, 19?42 (1988) · DOI
  23. Sargent, T.J.: Macroeconomic theory. New York: Academic Press 1979
  24. Sargent, T.J., Wallace, N.: Rational expectations, the optimal monetary instrument, and the optimal money supply rule. J. Polit. Econ.83, 241?254 (1975) · DOI · Paper page
  25. Scheinkman, J.A.: Discussion. In: Kareken, J.H., Wallace, N. (eds.) Models of monetary economies. Minneapolis: Federal Reserve Bank of Minneapolis 1980
  26. Sims, C.A.: A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy. Econ. Theory, forthcoming 1994 · DOI · Paper page
  27. Woodford, M.: Credit policy and the price level in a cash-in-advance economy. In: Barnett, W.A., Singleton, K.J. (eds.) New approaches in monetary economics. New York: Cambridge University Press 1987
  28. Woodford, M.: Monetary policy and price level indeterminacy in a cash-in-advance economy. Mimeo, University of Chicago, December 1988 · doi:10.1017/cbo9780511759628.004
  29. Woodford, M.: Learning to believe in sunspots. Econometrica58, 277?307 (1990a) · DOI · Paper page
  30. Woodford, M.: The optimum quantity of money. In: Friedman, B., Hahn, F. (eds.) Handbook of monetary economics, vol. II. Amsterdam: North-Holland, 1990b

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Metadata

Authors
Woodford, M.
Venue
Economic Theory
Publisher
Springer Science and Business Media LLC
Published
1994-05
Volume
4
Issue
3
Pages
345-380
ISSN
  • 0938-2259 (ISSN-L)
  • 1432-0479
DOI
10.1007/bf01215377
OpenAlex
W2116005716
Cited by
753
References
0
FWCI
21.25
Type
journal article
Language
en
Open access
green
Licence
www.springer.com/tdm (tdm)

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Woodford, M. (1994). Monetary policy and price level determinacy in a cash-in-advance economy. Economic Theory. https://doi.org/10.1007/bf01215377

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