Imaginary money
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 2001 |
| Tipo de documento: | Artigo |
| Idioma: | eng |
| Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Texto Completo: | http://hdl.handle.net/10438/12557 |
| Resumo: | This paper considers price setting in pure units of account, linked to the means of payment through managed parities. If prices are sticky in the units in which they are set, parity changes may facilitate equilibrium adjustment of relative prices. The paper derives simultaneously the optimal choice of unit of account by each price setter, and the optimal parity policy. The gains from having multiple units of account are computed for a simple calibrated economy. |
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Loyo, Eduardo H. M. M.Escolas::EPGEFGV2014-11-24T12:17:01Z2014-11-24T12:17:01Z2001-10-11http://hdl.handle.net/10438/12557This paper considers price setting in pure units of account, linked to the means of payment through managed parities. If prices are sticky in the units in which they are set, parity changes may facilitate equilibrium adjustment of relative prices. The paper derives simultaneously the optimal choice of unit of account by each price setter, and the optimal parity policy. The gains from having multiple units of account are computed for a simple calibrated economy.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessImaginary moneyinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaMoedaPoder aquisitivoreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL1058.pdf1058.pdfapplication/pdf383261https://repositorio.fgv.br/bitstreams/93e8f567-685e-43a5-88c4-c73ea405caa8/downloadec278062298d682b330474b5d4c74feaMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/33a2fa02-403a-4593-9d08-5cce1d338b95/downloaddfb340242cced38a6cca06c627998fa1MD52TEXT1058.pdf.txt1058.pdf.txtExtracted 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| dc.title.eng.fl_str_mv |
Imaginary money |
| title |
Imaginary money |
| spellingShingle |
Imaginary money Loyo, Eduardo H. M. M. Economia Moeda Poder aquisitivo |
| title_short |
Imaginary money |
| title_full |
Imaginary money |
| title_fullStr |
Imaginary money |
| title_full_unstemmed |
Imaginary money |
| title_sort |
Imaginary money |
| author |
Loyo, Eduardo H. M. M. |
| author_facet |
Loyo, Eduardo H. M. M. |
| author_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 |
Loyo, Eduardo H. M. M. |
| dc.subject.area.por.fl_str_mv |
Economia |
| topic |
Economia Moeda Poder aquisitivo |
| dc.subject.bibliodata.por.fl_str_mv |
Moeda Poder aquisitivo |
| description |
This paper considers price setting in pure units of account, linked to the means of payment through managed parities. If prices are sticky in the units in which they are set, parity changes may facilitate equilibrium adjustment of relative prices. The paper derives simultaneously the optimal choice of unit of account by each price setter, and the optimal parity policy. The gains from having multiple units of account are computed for a simple calibrated economy. |
| publishDate |
2001 |
| dc.date.issued.fl_str_mv |
2001-10-11 |
| dc.date.accessioned.fl_str_mv |
2014-11-24T12:17:01Z |
| dc.date.available.fl_str_mv |
2014-11-24T12:17:01Z |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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http://hdl.handle.net/10438/12557 |
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http://hdl.handle.net/10438/12557 |
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eng |
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eng |
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Seminários de pesquisa econômica da EPGE |
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openAccess |
| dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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Escola de Pós-Graduação em Economia da FGV |
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reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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