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Money in Equilibrium

Ed Nosal and Guillaume Rocheteau

in Money, Payments, and Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016285
eISBN:
9780262298285
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016285.003.0004
Subject:
Economics and Finance, Econometrics

This chapter presents a core framework that will help in the study of issues related to money, payments, and liquidity. It then studies money in equilibrium under trading protocols that contain ... More


The Basic Model

Thomas Quint and Martin Shubik

in Barley, Gold, or Fiat: Toward a Pure Theory of Money

Published in print:
2014
Published Online:
May 2014
ISBN:
9780300188158
eISBN:
9780300199222
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300188158.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

Here we present our “Basic Model,” a simple two-good buy-sell strategic market game economy upon which all others in the book are based. The model uses a storable consumable money, and we begin with ... More


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