Asset Trading Mechanisms and Expansionary Policy Público Deposited

Creator Series Issue number
  • 388
Date Created
  • 1988-03
Abstract
  • Previous authors have argued that the optimal monetary policy is contractionary. If buyers value consumption substantially more than sellers, there is some randomness and informational constraints make asset trading useful, we show that there is an incentive compatible expansionary policy that dominates all incentive compatible contractionary policies.

Subject (JEL) Palabra Clave Date Modified
  • 09/04/2019
Corporate Author
  • Federal Reserve Bank of Minneapolis. Research Department
Publisher
  • Federal Reserve Bank of Minneapolis
Resource type DOI
License

Relaciones

En Collection:
Última modificación

Contenido Descargable

Descargar PDF

Zipped Files

Download a zip file that contains all the files in this work.

Elementos