A search equilibrium approach to monetary theory and policy.
This dissertation develops dynamic theoretical frameworks which explicitly incorporate a search-theoretic process of economic exchange into an operational theory of fiat money. The "search equilibrium" approach to trade frictions models the process of economic exchange as a costly activity which req...
Main Author: | |
---|---|
Format: | |
Language: | English |
Published: |
1992
|
Online Access: | http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:178031 |
id |
vudl:178031 |
---|---|
record_format |
vudl |
institution |
Villanova University |
collection |
Digital Library |
modeltype_str_mv |
vudl-system:CoreModel vudl-system:CollectionModel vudl-system:ResourceCollection |
datastream_str_mv |
PARENT-LIST MEMBER-QUERY AUDIT PARENT-QUERY RELS-EXT DC PROCESS-MD AGENTS MEMBER-LIST-RAW LICENSE PARENT-LIST-RAW |
hierarchytype |
|
hierarchy_all_parents_str_mv |
vudl:178030 vudl:172968 vudl:641262 vudl:3 vudl:1 |
sequence_vudl_178030_str |
0000000001 |
hierarchy_top_id |
vudl:641262 |
hierarchy_top_title |
Villanova Faculty Publications |
fedora_parent_id_str_mv |
vudl:178030 |
hierarchy_first_parent_id_str |
vudl:178031 |
hierarchy_parent_id |
vudl:178030 |
hierarchy_parent_title |
Li Victor |
hierarchy_sequence_sort_str |
0000000001 |
hierarchy_sequence |
0000000001 |
spelling |
A search equilibrium approach to monetary theory and policy. Li, Victor. This dissertation develops dynamic theoretical frameworks which explicitly incorporate a search-theoretic process of economic exchange into an operational theory of fiat money. The "search equilibrium" approach to trade frictions models the process of economic exchange as a costly activity which requires time and real resources. Thus, such an environment provides a natural role for fiat money in overcoming the classic "double coincidence of wants" problem associated with barter exchange. The dissertation is divided into four essays on the construction of search frameworks for monetary theory and their application to monetary policy. First, the conventional wisdom that inflation causes individuals to optimally incur the costs of shortening the period between transactions is confirmed. This result linking inflation and optimal search effort or "intensity" provides a central theme for the dissertation. 1992 Villanova Faculty Authorship vudl:178031 Dissertation, Northwestern University, 1992. en |
dc.title_txt_mv |
A search equilibrium approach to monetary theory and policy. |
dc.creator_txt_mv |
Li, Victor. |
dc.description_txt_mv |
This dissertation develops dynamic theoretical frameworks which explicitly incorporate a search-theoretic process of economic exchange into an operational theory of fiat money. The "search equilibrium" approach to trade frictions models the process of economic exchange as a costly activity which requires time and real resources. Thus, such an environment provides a natural role for fiat money in overcoming the classic "double coincidence of wants" problem associated with barter exchange. The dissertation is divided into four essays on the construction of search frameworks for monetary theory and their application to monetary policy. First, the conventional wisdom that inflation causes individuals to optimally incur the costs of shortening the period between transactions is confirmed. This result linking inflation and optimal search effort or "intensity" provides a central theme for the dissertation. |
dc.date_txt_mv |
1992 |
dc.format_txt_mv |
Villanova Faculty Authorship |
dc.identifier_txt_mv |
vudl:178031 |
dc.source_txt_mv |
Dissertation, Northwestern University, 1992. |
dc.language_txt_mv |
en |
author |
Li, Victor. |
spellingShingle |
Li, Victor. A search equilibrium approach to monetary theory and policy. |
author_facet |
Li, Victor. |
dc_source_str_mv |
Dissertation, Northwestern University, 1992. |
format |
Villanova Faculty Authorship |
author_sort |
Li, Victor. |
dc_date_str |
1992 |
dc_title_str |
A search equilibrium approach to monetary theory and policy. |
description |
This dissertation develops dynamic theoretical frameworks which explicitly incorporate a search-theoretic process of economic exchange into an operational theory of fiat money. The "search equilibrium" approach to trade frictions models the process of economic exchange as a costly activity which requires time and real resources. Thus, such an environment provides a natural role for fiat money in overcoming the classic "double coincidence of wants" problem associated with barter exchange. The dissertation is divided into four essays on the construction of search frameworks for monetary theory and their application to monetary policy. First, the conventional wisdom that inflation causes individuals to optimally incur the costs of shortening the period between transactions is confirmed. This result linking inflation and optimal search effort or "intensity" provides a central theme for the dissertation. |
title |
A search equilibrium approach to monetary theory and policy. |
title_full |
A search equilibrium approach to monetary theory and policy. |
title_fullStr |
A search equilibrium approach to monetary theory and policy. |
title_full_unstemmed |
A search equilibrium approach to monetary theory and policy. |
title_short |
A search equilibrium approach to monetary theory and policy. |
title_sort |
search equilibrium approach to monetary theory and policy. |
publishDate |
1992 |
normalized_sort_date |
1992-01-01T00:00:00Z |
language |
English |
collection_title_sort_str |
search equilibrium approach to monetary theory and policy. |
fgs.ownerId_txt_mv |
diglibEditor |
relsext.hasModel_txt_mv |
http://hades.library.villanova.edu:8080/rest/vudl-system:CoreModel http://hades.library.villanova.edu:8080/rest/vudl-system:CollectionModel http://hades.library.villanova.edu:8080/rest/vudl-system:ResourceCollection |
fgs.type_txt_mv |
http://fedora.info/definitions/v4/repository#Resource http://www.w3.org/ns/ldp#Container http://www.w3.org/ns/ldp#Resource http://www.w3.org/ns/ldp#BasicContainer http://fedora.info/definitions/v4/repository#Container http://www.w3.org/ns/ldp#RDFSource |
relsext.sequence_txt_mv |
vudl:178030#1 |
fgs.createdBy_txt_mv |
fedoraAdmin |
fgs.lastModifiedBy_txt_mv |
fedoraAdmin |
relsext.isMemberOf_txt_mv |
http://hades.library.villanova.edu:8080/rest/vudl:178030 |
relsext.sortOn_txt_mv |
title |
fgs.createdDate_txt_mv |
2019-10-01T20:21:05.904Z |
fgs.lastModifiedDate_txt_mv |
2021-04-12T19:15:11.011Z |
fgs.label_txt_mv |
A search equilibrium approach to monetary theory and policy. |
fgs.state_txt_mv |
Active |
has_order_str |
no |
agent.name_txt_mv |
Falvey Memorial Library, Villanova University klk |
license.mdRef_str |
http://digital.library.villanova.edu/copyright.html |
license_str |
protected |
has_thumbnail_str |
false |
first_indexed |
2014-01-11T23:12:10Z |
last_indexed |
2021-04-12T19:55:58Z |
_version_ |
1755662210959409152 |
subpages |