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Money, Inflation, and Capital Formation

An Analysis of the Long Run from the Perspective of Overlapping Generations Models

  • Book
  • © 1999

Overview

Authors:
  1. Leopold Thadden

    1. Deutsche Bundesbank, Hauptabteilung Volkswirtschaft, Frankfurt/Main, Germany

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 479)

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-ix
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  2. Introduction

    1. Introduction

      • Leopold von Thadden
      Pages 1-3

  3. Money, inflation, and capital formation in the long run: general remarks

    1. Front Matter

      Pages 5-5
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    2. Summary of the literature: theoretical aspects

      • Leopold von Thadden
      Pages 7-18

    3. Summary of the literature: empirical aspects

      • Leopold von Thadden
      Pages 19-28

    4. Further reflections on money

      • Leopold von Thadden
      Pages 29-41

  4. Money, inflation, and capital formation: the perspective of overlapping generations models

    1. Front Matter

      Pages 43-43
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    2. The Diamond model with money as single outside asset

      • Leopold von Thadden
      Pages 45-64

    3. Variation 1: Imperfect credit markets and asymmetric information

      • Leopold von Thadden
      Pages 65-81

    4. Variation 2: Random liquidity needs

      • Leopold von Thadden
      Pages 82-98

    5. Variation 3: Standard cash-in-advance constraint and endogenous savings

      • Leopold von Thadden
      Pages 99-112

    6. Variation 4: Differentiated goods, multiple means of payment, and money as single outside asset

      • Leopold von Thadden
      Pages 113-152

    7. Variation 5: Differentiated goods, multiple means of payment, and alternative specifications of government activities

      • Leopold von Thadden
      Pages 153-165

    8. Summary

      • Leopold von Thadden
      Pages 166-168

  5. Back Matter

    Pages 169-199
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Keywords

About this book

This book is a slightly revised version of my doctoral thesis which I wrote during my time as an assistant at the Faculty of Economics of the University of Magdeburg. I am grateful that I had the opportunity to write my the­ sis in the stimulating atmosphere of this young and lively faculty. lowe a great amount of gratitude to my supervisor Prof. G. Schwodiauer who con­ stantly encouraged my work and helped to improve it in many discussions. I also would like to thank Prof. K-H. Paque and Prof. P. Flaschel who, as members of my doctoral committee, commented on various details of this study in a very constructive manner. At various stages of my work I received helpful comments from many colleagues of mine, in particular T. Konig and A. Wohrmann. However, it goes without saying that I retain full responsi­ bility for all remaining errors. Contents Introduction 1 I Money, inflation, and capital formation in the long run: general remarks 5 1 Summary of the literature: theoretical aspects 7 2 Summary of the literature: empirical aspects 19 3 Further reflections on money 29 II Money, inflation, and capital formation: the perspective of overlapping generations models 43 4 The Diamond model with money as single outside asset 45 4. 1 The model. . . . . . . . 46 4. 2 Equilibrium conditions. 51 4. 3 Policy effects 58 4. 4 Discussion. 61 4. 5 Appendix . 63 5 Variation 1: Imperfect credit markets and asymmetric information 65 5. 1 The model. . . . . . . .

Authors and Affiliations

  • Deutsche Bundesbank, Hauptabteilung Volkswirtschaft, Frankfurt/Main, Germany

    Leopold Thadden

Bibliographic Information

  • Book Title: Money, Inflation, and Capital Formation

  • Book Subtitle: An Analysis of the Long Run from the Perspective of Overlapping Generations Models

  • Authors: Leopold Thadden

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-58556-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1999

  • Softcover ISBN: 978-3-540-66456-7Published: 17 November 1999

  • eBook ISBN: 978-3-642-58556-2Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: X, 200

  • Topics: Macroeconomics/Monetary Economics//Financial Economics

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