A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy,
YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
Pagination or Media Count:
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.
- Economics and Cost Analysis