Construct · 1 fields · 1 citations

Kiyotaki-Wright model: a standalone construct

One name. One construct. A landmark on the map.

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Kiyotaki-Wrightmodel1 CONSTRUCTKiyotaki-Wright modelKIYOTAKI · MONETARY ECONOMICS

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Monetary economics

a search model in which goods are traded in pairwise meetings and a medium of exchange emerges from trading strategies.

In monetary economics, Kiyotaki-Wright model refers to a search model in which goods are traded in pairwise meetings and a medium of exchange emerges from trading strategies. This meaning comes from Kiyotaki (1989) in Journal of Political Economy.[1]

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Nearby constructs

fiat2 fields · 2 citationsjingle · one word, two constructsexchange4 fields · 7 citationsjingle · one word, four constructsmedium3 fields · 3 citationsjingle · one word, three constructs

References

  1. Kiyotaki, N., & Wright, R. (1989). On Money as a Medium of Exchange. Journal of Political Economy, 97(4), 927-954. https://doi.org/10.1086/261634

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