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Choi et al., 2023 - Google Patents

Learning and money adoption

Choi et al., 2023

Document ID
8899752057395971899
Author
Choi M
Liang F
Publication year
Publication venue
Journal of Political Economy

External Links

Snippet

We consider a dynamic monetary economy where agents gradually learn about the holding cost of a new asset and coordinate to adopt it as money or abandon it. We provide closed- form solutions for state-contingent asset prices and agents' adoption decision. The …
Continue reading at www.journals.uchicago.edu (other versions)

Classifications

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