Money as stock

202 citations recorded by the source corpus.

How researchers see this paper

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Understanding Inflation as a Joint Monetary-Fiscal Phenomenon (2016, background): “…and the government differently; it is merely an equilibrium selection device; it is little more than a retread of Sargent and Wallace’s (1981) unpleasant monetarist arithmetic.4 Each of these arguments has been discussed at length in Sims (1999a), Cochrane (2005), and Leeper and Walker (2013).”
Monetary Science, Fiscal Alchemy ∗ (2010, unknown): “In the case of government debt, primary surpluses plus seigniorage revenues are the " cash flows " [see Cochrane (2005) for a clear statement of this perspective].”
Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic (2010, unknown): “Cochrane (2005) presents a simple complete frictionless sed on (1) and (2).”
Monetary Policy and Heterogeneity: An Analytical Framework (2018, unknown): “This is related to (but different from, insofar as it requires passive fiscal policcy) the FTPL outlined e.g. in Leeper (1991), Sims (1994), Woodford (1996), and Cochrane (2005); it is also related to the Wicksellian rule proposed here as discussed in text.”