{"id":9413,"date":"2022-07-27T07:05:30","date_gmt":"2022-07-27T07:05:30","guid":{"rendered":"https:\/\/depocen.org\/publications\/collateral-monetary-equilibrium-with-liquidity-constraintsin-an-in_nite-horizon-economy\/"},"modified":"2022-07-27T07:05:30","modified_gmt":"2022-07-27T07:05:30","slug":"collateral-monetary-equilibrium-with-liquidity-constraintsin-an-in_nite-horizon-economy","status":"publish","type":"publications","link":"https:\/\/depocen.org\/en\/publications\/collateral-monetary-equilibrium-with-liquidity-constraintsin-an-in_nite-horizon-economy\/","title":{"rendered":"Collateral monetary equilibrium with liquidity constraints\r\nin an in_nite horizon economy"},"content":{"rendered":"<p>This paper considers an in\fnite-horizon monetary economy with collateralized assets<br \/>\nin which only commodities can be used as collateral. A Central Bank lends money<br \/>\nto households by creating short- and long-term loans. Households can deposit or borrow<br \/>\nmoney on both short- and long-term maturity; they face a cash-in-advance constraint<br \/>\nwhen buying commodities of \fnancial assets.<br \/>\nUnder various Gains to Trade Hypotheses, the existence of collateral monetary equilibrium<br \/>\nis ensured. I also provide some properties of equilibira, including the liquidity<br \/>\ntrap.<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[2028,2029],"topic_publications":[],"class_list":["post-9413","publications","type-publications","status-publish","hentry","author_publications-ngoc-sang-pham-2","author_publications-ngoc-sang-pham-2-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications\/9413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/media?parent=9413"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/cate_publications?post=9413"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/author_publications?post=9413"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/topic_publications?post=9413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}