Creator

• Levine, David K.

Series

• Working paper (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 386

Date created

• 1988-06

Abstract

• In a monetary model, it is shown that if there is a unique Pareto inefficient barter equilibrium, then a monetary equilibrium exists when traders are sufficiently patient.

Subject (JEL)

• D51 - Exchange and Production Economies
• E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems

Keyword

• Money
• Inflation
• Barter equilibria
• Monetary equilbria
• Consumers

Related information

• Published in: The Review of Economic Studies (Vol. 56, Iss. 1, January 1989, pp. 77-88) https://doi.org/10.2307/2297750.

Date modified

• 05/08/2020

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/wp.386

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Working Papers

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