Browsing Produção Intelectual em Bases Externas by Title "Efficient propagation of shocks and the optimal return on money"

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    • Efficient propagation of shocks and the optimal return on money 

      Cavalcanti, Ricardo de Oliveira; Erosa, Andrés
      2008-09
      We study optimal allocations in an environment in which money is essential due to lack of commitment and anonymity of individuals. Because the economy features aggregate preference shocks, we apply a notion of implementability ...