Some benefits of cyclical monetary policy

Detalhes bibliográficos
Autor(a) principal: Cavalcanti, Ricardo de Oliveira
Data de Publicação: 2005
Outros Autores: Nosal, Ed
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/531
Resumo: In this paper, we present a simple random-matching model of seasons, where di§erent seasons translate into di§erent propensities to consume and produce. We Önd that the cyclical creation and destruction of money is beneÖcial for welfare under a wide variety of circumstances. Our model of seasons can be interpreted as providing support for the creation of the Federal Reserve System, with its mandate of supplying an elastic currency for the nation.
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spelling Cavalcanti, Ricardo de OliveiraNosal, EdEscolas::EPGEFGV2008-05-13T15:26:00Z2008-05-13T15:26:00Z2005-10-010104-8910http://hdl.handle.net/10438/531In this paper, we present a simple random-matching model of seasons, where di§erent seasons translate into di§erent propensities to consume and produce. We Önd that the cyclical creation and destruction of money is beneÖcial for welfare under a wide variety of circumstances. Our model of seasons can be interpreted as providing support for the creation of the Federal Reserve System, with its mandate of supplying an elastic currency for the nation.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;603Some benefits of cyclical monetary policyinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaEconomiaPolítica monetária - Modelos econométricosreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL1991.pdfapplication/pdf258521https://repositorio.fgv.br/bitstreams/d241a33b-1881-4cb4-bd46-2d81744a2f8e/download3aa3f64c0fd24e60c1eea9303c1b8b5eMD51TEXT1991.pdf.txt1991.pdf.txtExtracted texttext/plain61415https://repositorio.fgv.br/bitstreams/136c06e0-5fdb-4569-b930-b8db4ee5d01e/download48f894cc167bf25301946c0a4fa43ccaMD56THUMBNAIL1991.pdf.jpg1991.pdf.jpgGenerated Thumbnailimage/jpeg3210https://repositorio.fgv.br/bitstreams/ae03ba6a-beca-4261-8177-61c11523e68b/download23fb6c9b66fc305b8e7a96a1643edffdMD5710438/5312023-11-08 11:37:20.972open.accessoai:repositorio.fgv.br:10438/531https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T11:37:20Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv Some benefits of cyclical monetary policy
title Some benefits of cyclical monetary policy
spellingShingle Some benefits of cyclical monetary policy
Cavalcanti, Ricardo de Oliveira
Economia
Economia
Política monetária - Modelos econométricos
title_short Some benefits of cyclical monetary policy
title_full Some benefits of cyclical monetary policy
title_fullStr Some benefits of cyclical monetary policy
title_full_unstemmed Some benefits of cyclical monetary policy
title_sort Some benefits of cyclical monetary policy
author Cavalcanti, Ricardo de Oliveira
author_facet Cavalcanti, Ricardo de Oliveira
Nosal, Ed
author_role author
author2 Nosal, Ed
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Cavalcanti, Ricardo de Oliveira
Nosal, Ed
dc.subject.area.por.fl_str_mv Economia
topic Economia
Economia
Política monetária - Modelos econométricos
dc.subject.bibliodata.por.fl_str_mv Economia
Política monetária - Modelos econométricos
description In this paper, we present a simple random-matching model of seasons, where di§erent seasons translate into di§erent propensities to consume and produce. We Önd that the cyclical creation and destruction of money is beneÖcial for welfare under a wide variety of circumstances. Our model of seasons can be interpreted as providing support for the creation of the Federal Reserve System, with its mandate of supplying an elastic currency for the nation.
publishDate 2005
dc.date.issued.fl_str_mv 2005-10-01
dc.date.accessioned.fl_str_mv 2008-05-13T15:26:00Z
dc.date.available.fl_str_mv 2008-05-13T15:26:00Z
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/531
dc.identifier.issn.none.fl_str_mv 0104-8910
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dc.language.iso.fl_str_mv eng
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dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;603
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
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