Non-equilibrium Monetary theory

04 January 2013 1 8K Report

I am interested in monetary theory. But I am not satisfied with most of the monetary theory based on equilibrium framework. Circuitist attempt seems challenging but I want to know more about how the money (its distribution and movements) affects the production. If you know any paper of this kind please let me know with a brief introduction.

Sir Soumitra Kumar Mallick

If you want to study the real efffects of money with cyclical fluctuations I can suggest studying Kiyotaki and Moore, JPE paper. I would also suggest you take a look at Prof. Gertler's papers like Gertler and Kiyotaki 2013 on Bank Runs in an infinite horizon economy. SKM

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