A model of a currency shortage

Article Abstract:

A random matching model of explaining currency shortages and rationalizing prohibition on the export of currency is discussed. The model views currency indivisibility to describe a situation where there are diverse groups of people and a single world currency. Results reveal that for some parameters, free trade gives rise to situations where unproductive people get hold of no money at all, demonstrating currency-shortage. However, the presence of representative residents prefering autarky rationalizes prohibition on the export of currency.

Econometrics & Model Building, Models, Analysis, Evaluation, Econometrics, Business models, Matching theory, Autarchy

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Lucas's signal extraction model: a finite state exposition with aggregate real shocks

Article Abstract:

An analysis of a signal-extraction model is presented. The analysis focuses on research entitled'Expectations and the Neutrality of Money.' The study considers a finite version for exogenous random variables and aggregate real shocks. These finite supports make simplifications and computations possible. It is shown that the aggregate shocks allows output-aggregate demand and output-inflation corrections to approximate data sets more closely.

Demand (Economics)

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A model of the liquidity structure based on asset indivisibility

Article Abstract:

A model is developed for a liquidity structure ocusing on asset yields, with asset liquidity seen in terms of transaction velocity.

Economics, Research and Development in the Social Sciences and Humanities, Risk (Economics), Liquidity (Finance)

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