Work

Credibility of central banks in monetary economies

Year: 2024

Type: article

Abstract: This paper develops a model of money to study interventions by a central bank that can monitor the money holdings of agents. I show that an off-the-equilibrium intervention enhances the use of money and stabilizes its values.

Source: Economics Letters

DOI: 10.1016/j.econlet.2024.111927

Author: Kohei Iwasaki

Institution: Kyoto University

Language: English

Topic: Economic theories and models

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,980

Funder: Japan Society for the Promotion of Science

Awards: Digitalization and Macro Prudence Policy, Sustainability of Cryptocurrency Bubbles

OpenAlex ID: W4401702059

FWCI: 0.356

Cites: 12

Cited by: 1

Related to: 10