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Creator: Miller, Preston J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 005a Keyword: Consumer consumption and Baumol-Tobin inventory model Subject (JEL): D01 - Microeconomic Behavior: Underlying Principles, E41 - Demand for Money, and C52 - Model Evaluation, Validation, and Selection -
Creator: Sargent, Thomas J. and Wallace, Neil Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 025 Keyword: Interest rates, Rational expectations, Money supply, and Macroeconomic models Subject (JEL): E51 - Money Supply; Credit; Money Multipliers and C02 - Mathematical Methods -
Creator: Wallace, Neil Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 024 Abstract: In "Liquidity Preference as Behavior Towards Risk," Tobin suggests that risk aversion and expected utility maximization can provide a rigorous foundation for an equilibrium demand for money. In Tobin's model, money plays a risk reducing role in individual portfolios. This note considers whether a general equilibrium stochastic model can produce equilibrium yield distributions that allow money to play that role if money does not appear directly as an argument in the utility or production functions of the economy. The model examined, a stochastic production variant of Samuelson's model of overlapping generations, cannot produce such yield distributions.
Keyword: Stochastic, Monetary economy, and Risk aversion Subject (JEL): C51 - Model Construction and Estimation, G11 - Portfolio Choice; Investment Decisions, and E41 - Demand for Money -
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Creator: Miller, Preston J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 005 Keyword: Baumol-Tobin inventory model and Consumer consumption Subject (JEL): D01 - Microeconomic Behavior: Underlying Principles, E41 - Demand for Money, and C52 - Model Evaluation, Validation, and Selection -
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Creator: Sargent, Thomas J. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 032 Keyword: Choices, Uncertainty, and Behavior Subject (JEL): D80 - Information, Knowledge, and Uncertainty: General -
Creator: Rolnick, Arthur J., 1944- Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 034 Keyword: Central banking, Monetary policy, and Reform Subject (JEL): E52 - Monetary Policy and G28 - Financial Institutions and Services: Government Policy and Regulation -
Series: Ninth District quarterly (Federal Reserve Bank of Minneapolis. Research Department) Number: vol.1 no.1 Description: By John Rosine
Subject (JEL): R10 - General Regional Economics (includes Regional Data) and Y10 - Data: Tables and Charts -
Series: Ninth District quarterly (Federal Reserve Bank of Minneapolis. Research Department) Number: vol.1 no.2 Abstract: Includes title: "Minnesota Economic Environment: 1985" by David Dahl, John Rosine and Thomas Supel
Subject (JEL): Y10 - Data: Tables and Charts, N22 - Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-, N52 - Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: U.S.; Canada: 1913-, and R10 - General Regional Economics (includes Regional Data) -
Series: Ninth District quarterly (Federal Reserve Bank of Minneapolis. Research Department) Number: vol.1 no.3 Description: Includes title: "Financing Rural Enterprise" by David Dahl, Charles Gray, John Rosine and Jeananne Struthers
Subject (JEL): R10 - General Regional Economics (includes Regional Data), Y10 - Data: Tables and Charts, N22 - Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-, and N52 - Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: U.S.; Canada: 1913- -
Series: Ninth District quarterly (Federal Reserve Bank of Minneapolis. Research Department) Number: vol.1 no.4 Description: Includes title: "Cattle Cycles- Past and Present" by John Rosine
Subject (JEL): R10 - General Regional Economics (includes Regional Data), N22 - Economic History: Financial Markets and Institutions: U.S.; Canada: 1913-, Y10 - Data: Tables and Charts, and N52 - Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: U.S.; Canada: 1913-