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Economics Beyond the Millennium$
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Alan P. Kirman and Louis-André Gérard-Varet

Print publication date: 1999

Print ISBN-13: 9780198292111

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198292112.001.0001

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Money and Monetary Policy in General Equilibrium

Money and Monetary Policy in General Equilibrium

Chapter:
(p.55) 4 Money and Monetary Policy in General Equilibrium
Source:
Economics Beyond the Millennium
Author(s):

Jacques Drèze

Heracles Polemarchakis

Publisher:
Oxford University Press
DOI:10.1093/0198292112.003.0005

Introduces money into a simple general equilibrium model of exchange and allows the macroeconomic analysis of monetary and fiscal policy. It suggests further avenues for research into the role of money in equilibrium models.

Keywords:   balances, banks, cash in advance, equilibrium, money

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