A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy,
Abstract
;Contents: Commodity money; Some modeling considerations; A noncooperative economy with fiat money; Some examples; On macroeconomies and microeconomies; Inflation and deflation; Transactions costs; The velocity of circulation and the quantity of money; A moncooperative game for the money market; Taxation, gross national product and welfare.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 07, 1972
- Accession Number
- AD0738047
Entities
People
- Martin Shubik
Organizations
- Yale University