Money and Monetary Policy in General Equilibrium

Jacques Drèze and Heracles Polemarchakis

in Economics Beyond the Millennium

Published in print September 1999 | ISBN: 9780198292111
Published online November 2003 | e-ISBN: 9780191596537 | DOI:

Series: The ASSET Series

 Money and Monetary Policy in General Equilibrium

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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

Chapter.  10322 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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