Incomplete record-keeping and optimal payment arrangements

Article Abstract:

Monetary trade is limited by the assumption that money is indivisible and that there is a unit upper bound on the individual holdings of money. Also, outside money and a record of the actions of the others updated with an average lag are the two imperfect ways used to keep track of past actions of others in an environment where trading is hard due to the absence-of-double coincidence, absence of committment and incomplete knowledge of past actions of others. Moreover, it is also found that the limiting effect is relative to possibilities arising from more general individual holdings of money.

Econometrics & Model Building, Econometrics, Business models, Allocation (Accounting)

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Output and price level effects of monetary uncertainty in a matching model

Article Abstract:

Information lags and monetary uncertainty are represented here by a random matching model, with the result being that, in some cases, producers and/or consumers become relatively informed. The model represent environments in which trade is conducted.

United States, Financial markets

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Fiscal policy and indeterminacy in models of endogenous growth

Article Abstract:

This paper examines the dynamics of endogenous growth two-sector models. Indeterminacy is demonstrated to emerge when distortionary taxation and sector-specific external effects are introduced.

Public Finance Activities, Israel, Scientific Research and Development Services, Fiscal Policy, Development, Economic Programs-Total Govt, Administration of Economic Programs, Influence, Economic development, Taxation, Economic theory

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