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Money, Inflation, and Capital Formation

An Analysis of the Long Run from the Perspective of Overlapping Generations Models

  • Leopold von Thadden

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 479)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Introduction

    1. Leopold von Thadden
      Pages 1-3
  3. Money, inflation, and capital formation in the long run: general remarks

    1. Front Matter
      Pages 5-5
    2. Leopold von Thadden
      Pages 7-18
    3. Leopold von Thadden
      Pages 19-28
    4. Leopold von Thadden
      Pages 29-41
  4. Money, inflation, and capital formation: the perspective of overlapping generations models

  5. Back Matter
    Pages 169-199

About this book

Introduction

This book is a slightly revised version of my doctoral thesis which I wrote during my time as an assistant at the Faculty of Economics of the University of Magdeburg. I am grateful that I had the opportunity to write my the­ sis in the stimulating atmosphere of this young and lively faculty. lowe a great amount of gratitude to my supervisor Prof. G. Schwodiauer who con­ stantly encouraged my work and helped to improve it in many discussions. I also would like to thank Prof. K-H. Paque and Prof. P. Flaschel who, as members of my doctoral committee, commented on various details of this study in a very constructive manner. At various stages of my work I received helpful comments from many colleagues of mine, in particular T. Konig and A. Wohrmann. However, it goes without saying that I retain full responsi­ bility for all remaining errors. Contents Introduction 1 I Money, inflation, and capital formation in the long run: general remarks 5 1 Summary of the literature: theoretical aspects 7 2 Summary of the literature: empirical aspects 19 3 Further reflections on money 29 II Money, inflation, and capital formation: the perspective of overlapping generations models 43 4 The Diamond model with money as single outside asset 45 4. 1 The model. . . . . . . . 46 4. 2 Equilibrium conditions. 51 4. 3 Policy effects 58 4. 4 Discussion. 61 4. 5 Appendix . 63 5 Variation 1: Imperfect credit markets and asymmetric information 65 5. 1 The model. . . . . . . .

Keywords

Geldtheorie Inflation Intertemporal Macroeconomic Theory Intertemporale makroökonomische Theorie Modelle überlappender Generationen Monetary Growth Theory Monetary Theory Monetäre Wachstumstheorie Overlapping Generations Models production

Authors and affiliations

  • Leopold von Thadden
    • 1
  1. 1.Deutsche BundesbankHauptabteilung VolkswirtschaftFrankfurt/MainGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-58556-2
  • Copyright Information Springer-Verlag Berlin Heidelberg 1999
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-66456-7
  • Online ISBN 978-3-642-58556-2
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site
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