Title

The Money Rate of Interest and the Influence of Assets in a Multistage Economy with Gold or Paper Money: Part II

Document Type

Discussion Paper

Publication Date

6-1-1993

CFDP Number

1050

CFDP Pages

32

Abstract

We consider the relationship between the length of life of individuals and the assets they own and their influence on trustless trade. In particular in some structures a role for government or an outside bank may be called for to support an equilibrium. An example of an OLG model with production illustrates the need for expanding the fiat money supply if population growth is greater than zero.

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