Search Constraints
Filtering by:
Publication Year
1985
Remove constraint Publication Year: <span class='single'>1985</span>
Search Results
-
-
Creator: Smith, Bruce D. (Bruce David), 1954-2002 Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 260 Keyword: Monetary payments, Contract, Trade, and Nominal wages Subject (JEL): L14 - Transactional Relationships; Contracts and Reputation; Networks and J33 - Compensation Packages; Payment Methods -
Creator: Smith, Bruce D. (Bruce David), 1954-2002 Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 204 Abstract: In an overlapping generations model with borrowing and lending, uncertainty, and asymmetric information, fiat money may be essential to the existence of a competitive equilibrium. It may also serve to enhance the information of economic agents in a well-defined sense. In addition, the model presented provides suggestions about why the presence of valued fiat currency is essential to existence of equilibrium, even though in equilibrium perfect substitutes for money may exist.
-
Variable Rate Loans Increase Efficiency but Not Necessarily Borrowers' Consumption of Financed Goods
Creator: Roberds, William and Stutzer, Michael J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 285 Keyword: Adjustable rate mortgage, BVAR forecast, Mortgage loans, and ARM Subject (JEL): E21 - Macroeconomics: Consumption; Saving; Wealth and G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages -
Creator: Todd, Richard M. Series: Quarterly review (Federal Reserve Bank of Minneapolis. Research Department) Number: Vol. 9, No. 4 -
Creator: Darby, Michael R. Series: Quarterly review (Federal Reserve Bank of Minneapolis. Research Department) Number: Vol. 9, No. 1 Description: Reprinted From: Quarterly Review (Vol. 8, No. 2, Spring 1984, pp. 15-20), https://doi.org/10.21034/qr.822.
-
Creator: Miller, Preston J. and Wallace, Neil Series: Quarterly review (Federal Reserve Bank of Minneapolis. Research Department) Number: Vol. 9, No. 2 -
Creator: Miller, Preston J. and Sargent, Thomas J. Series: Quarterly review (Federal Reserve Bank of Minneapolis. Research Department) Number: Vol. 9, No. 1 Description: Reprinted From: Quarterly Review (Vol. 8, No. 2, Spring 1984, pp. 21-26), https://doi.org/10.21034/qr.823.