Séminaire
International Monetary Equilibrium with Default
Dimitrios Tsomocos (Saïd Business School, St. Edmund Hall, Oxford)
Paul Woolley Research Initiative Seminar
IDEI, 11 mai 2009, 12h30–14h00, salle MF 323
Référence
Dimitrios Tsomocos (Saïd Business School, St. Edmund Hall, Oxford), « International Monetary Equilibrium with Default », Paul Woolley Research Initiative Seminar, IDEI, 11 mai 2009, 12h30–14h00, salle MF 323.
Résumé
This paper proposes a finite horizon general equilibrium model of international finance with fiat money, heterogeneous agents, multiple goods, multiple assets, multiple countries each with their own money supply, default and regulation. Nominal and real determinacy is obtained and money is non-neutral. IMED provides a coherent framework consistent with standard general equilibrium theory to study the effects of monetary, fiscal and regulatory policy in an international context in view of the current financial crisis.
Mots-clés
International Finance; Monetary Policy; Equilibrium Analysis;
Codes JEL
- D51: Exchange and Production Economies
- F30: General
- G15: International Financial Markets
Partenaire de recherche
Paul Woolley Research Initiative