Michael Choi
Dados Biográficos
| ID | 5735728 |
|---|---|
| NOME | Michael Choi |
| PRENOMES | Michael |
| SOBRENOME | Choi |
| ASSINATURA | CHOI M |
| AFILIAÇÕES | University of California, Irvine |
| ORCID | 0000-0003-3525-9613 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 2 |
| TOTAL DE CITAÇÕES | 0 |
| TOTAL COMO AUTOR | 2 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2021 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2022 |
| ÍNDICE H | 0 |
Learning and Money Adoption
We consider a dynamic monetary economy where agents gradually learn about the holding cost of a new asset and coordinate to adopt it as money or abandon it. We provide closed-form solutions for state-contingent asset prices and agents' adoption decision. The transactional benefits of using money are endogenous and can convexify or concavify the payoff structure. Thus, the arrival of new information can raise or reduce the asset's price, which is …
New Monetarism in Continuous Time
We develop a New Monetarist model in continuous time where agents trade continuously in competitive markets and infrequently in pairwise meetings. Agents can produce and consume both in flows over time intervals and in discrete quantities at points in time. We detail the methodology to solve individual optimisation problems and characterise the full set of perfect foresight equilibria. We illustrate the role of continuous time and the tractabilit…
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New Monetarism in Continuous Time
We develop a New Monetarist model in continuous time where agents trade continuously in competitive markets and infrequently in pairwise meetings. Agents can produce and consume both in flows over time intervals and in discrete quantities at points in time. We detail the methodology to solve individual optimisation problems and characterise the full set of perfect foresight equilibria. We illustrate the role of continuous time and the tractabilit…
Learning and Money Adoption
We consider a dynamic monetary economy where agents gradually learn about the holding cost of a new asset and coordinate to adopt it as money or abandon it. We provide closed-form solutions for state-contingent asset prices and agents' adoption decision. The transactional benefits of using money are endogenous and can convexify or concavify the payoff structure. Thus, the arrival of new information can raise or reduce the asset's price, which is …
Computer Science (2 obras) · Economic theories and models (2 obras) · Economic Theory and Policy (2 obras) · Economics (2 obras) · Microeconomics (2 obras) · Monetary economics (2 obras) · Monetary policy (2 obras) · Monetary Policy and Economic Impact (2 obras) · Aggregate (composite (1 obras) · Artificial Intelligence (1 obras)