Models of Monetary Economies: Proceedings and Contributions from Patricipants of a December 1978 Conference Sponsored by the Federal Reserve Bank of Minneapolis

by Neil Wallace (Editor), John H. Kareken (Editor)

Conference 1) The Role of Money in Supporting the Pareto Optimality of Competititve Equilibrium in Consumption Loan Type Models (David Cass, Masahiro Okuno, Itzhak Zilcha). 2) The Overlapping Generations Model of Fiat Money (Neil Wallace; discussion by James Tobin, José Alexandre Scheinkman). 3) The Capital Stock Modified Competitive Equilibrium (Martin Shubik). 4) Equilibrium in a Pure Currency Economy (Robert E. Lucas, Jr.; discussion by Leonid Hurwicz, Milton Harris, Frank Hahn). Post- Conference 1) The Optimum Quantity of Money (Truman Bewley). 2) Some Remarks on Monetary Policy in an Overlapping Generations Model (W. A. Brock, J. A. Scheinkman). 3) Transaction Demand for Money and Moral Hazard (John Bryant). 4) Money in Consumption Loan Type An Addendum (David Cass). 5) In Defense of a Basic Approach (David Cass, Karl Shell). 6) General Equilibrium Approaches to the Study of Monetary Comments on Recent Developments (Ross M. Starr). 7) Models of Money with Spatially Separated Agents (Robert M. Townsend).

313 pages, Paperback

First published January 1, 1980